🚨 FIL Long Liquidation Alert! 🚨

$12.34K long liquidation at $6.12! This shakeup has traders on edge, but what does this mean for the future of Filecoin ($FIL )?

What's Next for $FIL ?

After such a major liquidation, we might see some volatility in the short term. The market often reacts strongly to big liquidations, but here's what we're keeping an eye on:

Support Zone: Watch for $5.90 - $6.00 as a potential support level. If it holds, this could be a good spot for buying the dip.

Resistance Zone: Watch the $6.50 - $6.70 area. If $FIL can break through this, it may signal a bullish trend.

Buy Zone:

$5.90 - $6.00 (Ideal for those looking to catch a dip)

Target:

$6.70 - $7.00 (Next key resistance points)

Stop Loss:

$5.50 (Set a tight stop below the support to manage risk)

🔑 Trade Smart: As the market digests this liquidation, things could go either way. Watch for confirmation before jumping in. Always use proper risk management!

#RLUSDApprovalBoostXRP #BURNGMT #MajorAirdropWatch #BinanceMEOpening #MicroStrategyAcquiresBTC