$FIL short liquidation and potential next moves.

🔥 $FIL Liquidation Update 🔥

💥 A massive $50.9K short position was liquidated at $5.251. This kind of liquidation often signals high volatility and could mean big opportunities for traders.

What’s Next?

$FIL seems to have gained bullish momentum after this liquidation. Here's a detailed plan for the next move:

📊 Trading Plan

Buy Zone:

Enter between $5.10 - $5.30.

This zone is likely to be retested, allowing for a good entry with a controlled risk.

Targets (Take Profit Levels):

1. Target 1: $5.50 (Initial resistance and profit booking level).

2. Target 2: $5.75 (Major resistance from previous trends).

3. Target 3: $6.00 (Psychological and technical milestone).

Stop Loss:

Place a stop loss at $4.95.

This ensures limited risk in case of unexpected downward movement.

🚀 Why This Strategy Works?

1. Liquidation Sweeps often lead to reversals or strong momentum in the opposite direction.

2. The $5.10 - $5.30 zone aligns with technical support, making it a favorable area for bulls to take control.

3. Targets are realistic and backed by historical price action.

Risk Management

Never invest more than 5% of your capital on a single trade.

Adjust position size based on your risk tolerance.

⚡ Final Thoughts

Stay disciplined and follow the plan. FIL has shown potential for strong upward moves in the past, and this setup could bring great opportunities.

📌 Remember: The market can be unpredictable. Always use proper risk management.

Good luck, and happy trading! 💹

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