🚨$FIL SHORT LIQUIDATION ALERT 🚨

Overview:

Filecoin ($FIL ) has experienced a short liquidation of $11.554K at $5.028, indicating strong buying pressure. This liquidation event could pave the way for a bullish move, creating an excellent opportunity for traders to take advantage of potential gains.

Key Levels to Watch:

Buy Zone: $4.95 - $5.05

Target Zone: $5.30, $5.60, $6.00

Stop Loss: $4.80

Next Steps:

1. Entry Point: Look for FIL to stabilize within the $4.95 - $5.05 range. Enter a position when the price confirms support in this zone.

2. Target Levels:

First Target: $5.30

Second Target: $5.60

Third Target: $6.00

Take profits incrementally as $FIL moves toward these resistance levels.

3. Stop Loss: Set your stop loss at $4.80 to manage risk and protect your position against unexpected reversals.

Why It’s Bullish:

Short liquidations force sellers to close positions, creating upward momentum.

FIL’s recovery above $5.028 suggests renewed buying interest and potential for further gains.

Reminder:

Monitor price action and trading volume to confirm continued bullish momentum before entering a position.

Always follow proper risk management strategies and trade responsibly.

Get ready for potential gains as FIL aims for higher levels! 🚀

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