$FIL Long Liquidation Alert: $12.34K at $6.12

What Happened?

FIL saw a long liquidation of $12.34K at $6.12, as bullish traders were forced to close their positions,

driving the price lower under selling pressure.

Key Insights:

1. Long Squeeze: Liquidations like this add to selling pressure, often accelerating price drops.

2. Market Sentiment: FIL’s inability to hold key levels reflects current bearish momentum.

What’s Next for FIL?

1. If FIL Continues Downward:

Watch for support at $5.80.

A break below $5.80 could push the price toward $5.50.

2. If FIL Rebounds:

A bounce from $6.00 could target $6.50.

Strong buying volume will be needed for recovery.

Pro Tips:

Monitor support zones closely for potential accumulation opportunities.

Use stop-loss orders to manage risk in this volatile phase.

Wait for trend confirmation before entering new trades.

FIL’s liquidation signals high volatility—trade cautiously and focus on key levels!

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