$FIL Short Liquidation: $8.6529K at $4.94

🚨 Market Update:

Liquidation Type: Short

Liquidation Value: $8,652.90

Liquidation Price: $4.94

💹 Market Insight:

Filecoin (FIL) has seen a sharp move upward, liquidating shorts at $4.94. This surge indicates strong bullish momentum, and further gains could be on the horizon if buyers maintain control.

🔥 What’s Next?

Buy Zone: Enter between $4.95 and $5.05, where price consolidation or minor pullbacks may offer an entry.

Target 1: Set your first target at $5.25, a key resistance level with a 6.0% potential gain.

Target 2: If momentum continues, aim for $5.50, a psychological resistance zone.

Stop Loss: Protect your position with a stop-loss at $4.70 to manage risk.

💥 Key Levels to Watch:

Support Zone: Strong support lies at $4.85. A dip and bounce here could signal a solid buying opportunity.

Breakout Zone: A sustained move above $5.25 could trigger a rally toward $5.80, backed by increased buying interest.

🔔 Pro Tips:

1. Volume Confirmation: High trading volume near $5.00 signals strong buying interest. Weak volume near resistance levels may indicate a stall.

2. Lock Profits: Secure partial gains at $5.25 and adjust your stop-loss to protect profits as FIL approaches $5.50.

3. Market Trends: Monitor the broader market; FIL often follows trends in the altcoin space.

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