$FIL Liquidation Alert: $28.534K Shorts Crushed at $4.868!

Filecoin ($FIL ) just saw a short liquidation worth $28,534 at $4.868, signaling a potential surge in bullish momentum. This could be the spark for a major price move. Let’s break it down and plan your next trade!

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Key Levels for FIL

1. Buy Zone:

First support area: $4.75 - $4.85.

Strong accumulation zone: $4.50 - $4.70, ideal for safer entries if prices pull back.

2. Target Levels:

Short-term target: $5.00 - $5.20.

Mid-term target: $5.50 - $5.70.

3. Stop Loss:

Place your stop loss below $4.50 to manage potential risks.

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What Could Happen Next?

Bullish Scenario:

If FIL holds above $4.85 and builds momentum, it could aim for $5.00 and break toward $5.20. A strong push above $5.20 could open doors for a rally toward $5.50 and beyond.

Bearish Scenario:

If FIL fails to hold $4.75, it may drop toward $4.50. Below this level, $4.30 serves as the next critical support zone.

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Factors to Monitor

1. Volume Activity: Watch for strong buying volume near $4.85. A spike in volume could signal a reversal or breakout.

2. Market Sentiment: Broader crypto market trends will play a major role in FIL’s price action.

3. Filecoin Ecosystem Updates: News or developments related to Filecoin’s adoption or partnerships could drive demand.

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Pro Tip: Always trade with a plan! Use proper risk management, avoid chasing pumps, and stay disciplined. This is not financial advice—just an analysis to guide your strategy. Keep your eyes on the charts and trade wisely!

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