A significant long position in $Filecoin
was liquidated at $4.773, totaling $58.7K.
Support and Resistance Levels:
Support: $4.33
Resistance: $5.53
Recommendation:
Given the current market conditions and the recent liquidation, it would be prudent to hold off on buying until the price demonstrates a clear upward trend.
If you currently hold $FIL , consider setting a stop-loss order below the support level to mitigate potential losses.
Always stay informed and adjust your strategy based on the latest market developments.
*Note: Cryptocurrency markets are highly volatile.
It's essential to conduct your own research and consider your risk tolerance before making any trading decisions.
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