$FIL Liquidated Short: $71.2K at $7.124
Market Action:
FIL has surged, triggering a $71.2K liquidation of short positions at $7.124.
This strong upward movement shows that the bulls are in control, and the price action suggests increasing confidence from the market.
Liquidations like this usually mark the start of an extended bullish phase, as shorts get squeezed.
Next Steps:
FIL is now targeting $7.50 as the next resistance level.
If the momentum continues, a breakout above this could push the price even higher.
Watch for a possible pullback to $7.00 for a potential re-entry point.
Trading Strategy:
If FIL consolidates above $7.10, it’s a signal that further upside is likely.
Keep an eye on volume and market sentiment, as these can confirm whether the price will continue its upward trend or face a correction.
Set stop-losses just below $7.00 for risk management.
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