Short Liquidation Alert!
$FIL : A whopping $235K short position was just liquidated at $7.967!
This indicates a potential shift in momentum as sellers failed to push the price lower, leading to a short squeeze.
What Could Happen Next?
If buyers maintain control, we could see a continuation of the upward trend, targeting resistance levels above $8.00.
However, a rejection near key levels may lead to consolidation before the next big move.
Pro Tip:
Consider entering cautiously on pullbacks with clear risk management,
or wait for confirmation of trend direction before jumping in.
Keep your strategy sharp and stay updated!
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