$FIL Momentum: $51.7K Short Liquidation at $7.27 Triggers Bullish Push!

A significant $51.7K short position was liquidated at $7.27, signaling growing buyer strength as bears are forced to exit.

This could indicate the beginning of a strong upward move for $FIL if the momentum persists.

Trading Insights & Next Steps:

1. For Bulls:

Upside Potential: $FIL may target $7.50 or even $7.80 if it holds above $7.20.

Best Entry Zone: Consider buying near $7.20–$7.25, with a tight stop-loss below $7.10 for risk management.

2. For Bears:

Risk Area: Resistance could emerge near $7.50. A rejection here may lead to a pullback toward $7.00.

Avoid aggressive shorts as the momentum currently favors the bulls.

Key Levels to Watch:

Support: $7.10, $7.00

Resistance: $7.50, $7.80

FIL is showing bullish strength—stay sharp and execute your trades with precision!

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