#DowHitsRecordClose
$FIL — Long liquidation retests a key support zone.
Long $FIL
Entry: 0.710 – 0.725
SL: 0.690
TP1: 0.745
TP2: 0.775
TP3: 0.820
A notable $17.58K long liquidation just occurred on Binance, with FIL liquidated at $0.72. The liquidation confirms that leveraged long positions are being flushed from the market, increasing short-term volatility and triggering a fresh liquidity sweep.
Price is revisiting an important support region where buyers may begin defending the broader market structure. Liquidation-driven selloffs often remove weak hands, reduce speculative positioning, and create healthier trading conditions before the next sustained directional move.
If FIL holds the 0.710–0.725 support zone and reclaims 0.745 resistance, momentum could quickly shift back toward the bulls. A successful defense of support would indicate buyers are absorbing liquidation-driven selling and rebuilding market strength.
With leverage continuing to normalize and selling pressure beginning to stabilize, the setup remains favorable for a rebound. The current support zone will be decisive in determining whether FIL completes its deleveraging phase and transitions into a stronger bullish recovery.
$FIL — Long liquidation retests a key support zone.
Long $FIL
Entry: 0.710 – 0.725
SL: 0.690
TP1: 0.745
TP2: 0.775
TP3: 0.820
A notable $17.58K long liquidation just occurred on Binance, with FIL liquidated at $0.72. The liquidation confirms that leveraged long positions are being flushed from the market, increasing short-term volatility and triggering a fresh liquidity sweep.
Price is revisiting an important support region where buyers may begin defending the broader market structure. Liquidation-driven selloffs often remove weak hands, reduce speculative positioning, and create healthier trading conditions before the next sustained directional move.
If FIL holds the 0.710–0.725 support zone and reclaims 0.745 resistance, momentum could quickly shift back toward the bulls. A successful defense of support would indicate buyers are absorbing liquidation-driven selling and rebuilding market strength.
With leverage continuing to normalize and selling pressure beginning to stabilize, the setup remains favorable for a rebound. The current support zone will be decisive in determining whether FIL completes its deleveraging phase and transitions into a stronger bullish recovery.