$FIL Market Update

Liquidation Alert:

$204K in long positions were liquidated at $3.311, indicating strong selling pressure and potential market weakness in the short term.

Market Overview:

$FIL has experienced a pullback following the liquidation event. The price is now approaching key support, and its next move will depend on whether buyers can step in or if further declines continue.

Key Levels to Watch:

Resistance: $4.90 – $5.00 (Breaking above this range could signal a bullish reversal)
Support: $4.70 – $4.60 (If this level is broken, further downside could follow)

Trade Strategy:

Buy Zone: $4.70 – $4.811 (If price stabilizes and shows signs of recovery)
Sell Zone: $4.90 – $5.00 (If price faces rejection at resistance)
Target: $5.20+ (If FIL gains momentum and clears resistance)

Market Sentiment:

$FIL is under pressure after long liquidations. If the price holds above $4.70, a potential recovery could be in play. However, a break below support may lead to further selling.

Monitor price action closely and adjust your strategy based on market movements.

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