A significant long position in Filecoin $FIL was liquidated at $5.248, totaling $50.8K.
Support and Resistance Levels:
Support:
$5.14
$5.01
$4.81
Resistance:
$5.55
$5.67
$5.88
These levels are based on recent technical analysis.
Recommendation:
Given the current market $FIL conditions and the recent liquidation, it's advisable to exercise caution.
. The market exhibits several negative signals, suggesting potential weakness in the near term.
.Therefore, a sell position is recommended.
....Note:
Always conduct your own research and consider your risk tolerance before making trading decisions.
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