$FIL Liquidated Short: $57.9K at $8.238
A major short liquidation just hit the market, with $57.9K in #FIL positions getting wiped out at $8.238.
This move shows the power of market volatility and why you need to stay alert!
Key Takeaway:
We’re seeing strong price fluctuations. The shorts getting liquidated can often push the price higher, creating new opportunities for long traders.
Next Move:
Watch for price consolidation around $8.30. If it holds, we could see a bounce toward $8.60.
However, if it breaks down below $8.00, prepare for a potential dip toward $7.70 or lower.
Trader’s Tip:
Keep your eyes on key levels and be ready to react quickly.
Always manage your risk with stop losses and never risk more than you can afford to lose!
Stay sharp, and trade smart!
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