$FIL Here's a simple and clear update on the situation for based on the liquidation data:
Long Liquidation Alert.
Liquidation Price: $5.014
Liquidation Value: $3.9375K
A long position on is getting liquidated at a price of $5.014. This tells us that a lot of traders who were betting on the price going up may now face losses. This creates a potential opportunity for short-term price movement, which traders should be aware of.
What’s Next for $FIL.
Short Term Price Movement. After a liquidation like this, there may be a sharp move either upwards or downwards. Watch out for volatility in the coming hours or days.
Resistance Zone. If $FIL tries to go up, it might face resistance around the $5.00 to $5.50 range.
Support Zone. If the price drops, the immediate support could be found around $4.50 and below that, near $4.00.
Buy Zone.
Buy Zone. The best entry zone for long trades would be around $4.20 to $4.50. If the price pulls back to this range, it could offer a good opportunity for a bounce.
Target.
Short Term Target. Aim for a target near $5.00 to $5.20. This is a key resistance level that could give strong price action in the near term.
Long Term Target. If continues to perform well, the next major target is around $6.00, but this will take time and consistent bullish action.
Stop Loss.
Stop Loss. Keep a stop loss around $4.00. If $FIL falls below this level, it may signal a further drop, and it might be time to cut losses to protect your capital.
Final Thoughts.
With this liquidation event, there’s potential for price swings, so it’s essential to watch the market closely. Always trade with caution, set clear targets, and manage your risk well.
Hope this helps you make an informed decision.
Keep an eye on the price action closely.
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