$FIL Short Liquidation Alert!

Amount Liquidated: $50,500

Price Triggered: $7.058

What just happened?

A massive short squeeze has unfolded as FIL rockets past $7.058, wiping out a $50.5K short position!

Bears caught off guard, as the tide turns bullish, fueling the momentum.

Why does it matter?

1️⃣ Short liquidations add buying pressure as positions are forcefully closed, driving prices even higher.

2️⃣ $FIL ’s breakout above key resistance could signal further upside potential.

Is this the start of a rally?

FIL bulls are gaining steam, while shorts might tread cautiously after this move.

Watch for strong volume and potential retests of the $7 level.

Next Stop?

If momentum holds, eyes on $7.50 or beyond. Failure to sustain could mean a quick reversal back below support.

Traders Beware: Volatility is your friend and enemy. Buckle up!

$FIL 's Next Move:

1️⃣ Bullish Scenario: If buying momentum continues, FIL could push toward $7.50-$7.80, breaking resistance levels.

2️⃣ Bearish Scenario: Failure to hold above $7.05 might lead to a pullback toward $6.80-$6.90, testing support.

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