$FIL The recent long liquidation at $4.987 with a liquidation value of $29.905K highlights bearish pressure in the market. Here's a detailed analysis of what could happen next and recommendations for buy zones, targets, and stop-loss levels.

Market Overview.

1. Current Sentiment: Bearish, as long positions are being liquidated.

2. Support Levels: The nearest key support is around $4.90, which aligns with the recent liquidation level.

3. Resistance Levels: The immediate resistance zone is $5.20 - $5.50.

Potential Scenarios.

1. Bullish Reversal: If $4.90 holds as strong support, we might see a rebound toward the $5.20 - $5.50 resistance zone.

2. Bearish Breakdown: If $4.90 breaks, the price could drop further to $4.50 - $4.70, creating a new accumulation zone.

Trading Plan.

1. Buy Zone.

Primary Buy Zone: $4.70 - $4.90

Secondary Buy Zone: $4.50 - $4.70 (in case of a deeper drop)

2. Target Levels.

Short-term Target: $5.20

Medium-term Target: $5.50

Long-term Target: $6.00 (if the bullish momentum sustains).

3. Stop-Loss.

Place your stop-loss at $4.45 to limit downside risk in case the bearish trend strengthens.

Additional Tips.

Risk Management: Only invest an amount you're willing to lose, as crypto markets are volatile.

Volume Check: Look for a spike in trading volume near the support zone before entering a trade, which indicates a potential reversal.

Wait for Confirmation: Confirm price stability or reversal at the buy zone before entering.

Conclusion.

Currently, FIL shows bearish pressure with a critical support zone at $4.90. Keep an eye on the support levels and follow the suggested buy zones, targets, and stop-losses to manage your risk effectively.

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