$FIL Short Liquidation Alert!
A significant $104K in FIL shorts has been liquidated at $7.64, suggesting strong bullish activity as sellers get squeezed out of the market.
Key Details
1️⃣ Short Squeeze Momentum: Liquidations like this often act as fuel for upward moves, forcing shorts to cover and driving prices higher.
2️⃣ Price Dynamics: $FIL has breached the $7.60 level, a critical pivot point in its recent price action.
3️⃣ Market Sentiment: Buyers appear to be regaining control, with growing interest at these price levels.
Next Move Predictions
• Bullish Potential: If FIL maintains its momentum, it could target the next resistance zone near $8.00–$8.20.
• Bearish Outlook: A failure to hold above $7.60 might see FIL retest support at $7.30.
Strategic Suggestion
• For Bulls: Watch for a breakout above $7.75 with high volume as a signal for further gains.
• For Bears: Monitor for signs of exhaustion; if momentum slows, it could provide a short-term reversal opportunity.
FIL’s volatility is picking up.
Stay sharp and adjust your strategy as the market unfolds!
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