$FIL Short Liquidation Alert!

$75,400 SHORT LIQUIDATED

Price: $5.391

The bears just got obliterated as a $75.4K Filecoin (FIL) short was liquidated at $5.391!

This intense shakeup proves the bulls are taking back control, driving $FIL higher amidst surging market momentum.

Market Impact:

Shockwaves through the market as sellers get squeezed out.

This liquidation could trigger more upward pressure on $FIL prices as shorts scramble to cover positions.

Key Levels to Watch:

Resistance: $5.50

Support: $5.30

A clean breakout above $5.50 could signal the start of a larger bullish trend.

Analysis:

The surge indicates growing confidence in FIL amidst increasing demand in decentralized storage solutions.

Liquidation volume like this hints at potential price acceleration as buyers overpower short sellers.

What This Means:

Leverage trading is a double-edged sword—$75.4K vaporized in seconds is a stark reminder.

FIL to the Moon?

Stay sharp and share your insights below!

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