A substantial long position in Filecoin ($FIL ) was liquidated at $5.390, totaling $205,000.
Key Insights:
Recent Liquidation: A $205K long position was liquidated at $5.390, indicating potential bearish pressure.
Current Price: $FIL is trading around $5.41, showing a slight recovery.
Intraday Movement: High of $5.55, low of $5.14, suggesting volatility.
Short-Term Outlook: Analysts predict a potential rise to $5.38 by December 26, 2024.
Long-Term Forecast: Projections estimate a value of $7.21 by 2030.
Next Move: Monitor support levels around $5.14 and resistance near $5.55. Consider setting stop-loss orders to manage risk.
*Stay informed and trade cautiously.*
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