📉 Filecoin ($FIL ) Short Liquidation Alert! 🚨

A short liquidation worth $6,602.8 has just been triggered at $5.158. The price is heating up, and momentum could swing either way. Here’s the analysis for your next move:

🔍 What’s Happening?

The recent short liquidation shows that sellers are losing grip, and bulls might be stepping in. $FIL is currently in a crucial range, and a breakout could lead to significant price movements.

📈 Buy Zone:

Look to enter around $5.10 - $5.20. This is a solid support area where buyers have shown strength before.

🎯 Targets:

1. Target 1: $5.50

2. Target 2: $5.75

3. Target 3 (Aggressive): $6.00

🛑 Stop Loss:

Place your stop loss below $4.95 to manage your risk if the price breaks below the support zone.

⚡ Strategy:

If $FIL breaks above $5.30 with high volume, expect a bullish rally.

Watch for rejection near $5.50 if the momentum fades.

Use a trailing stop-loss to lock in profits as price moves up.

⚠️ Always remember to DYOR (Do Your Own Research) and trade responsibly! Crypto markets are highly volatile.

What’s your move? Bullish breakout or bearish continuation?

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