$FLUID Short Liquidation Alert
A $2.61K short liquidation hit at $5.878, highlighting that bearish pressure was absorbed as buyers stepped in.
Important Price Levels:
Support: $5.72 – $5.75 → foundation for continued strength.
Resistance: $6.00 – $6.05 → key breakout level to watch.
Market Insight:
The liquidation suggests shorts were overleveraged. As long as FLUID trades above $5.75, momentum favors the upside. Watch for a decisive move at the $6.00 mark.
Trading Opportunities:
Buy Entry: $5.76 – $5.80 with a stop near $5.70.
Sell Entry: $6.02 – $6.05 if rejection occurs.
Next Projection:
A breakout above $6.05 may drive price toward $6.20 – $6.25, while losing $5.72 risks a pullback to $5.60.
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