A $3.83K SHORT liquidation just triggered at $1.041, forcing bearish positions to close and sharply reducing short-term selling pressure. Liquidations of this size often act as a momentum catalyst when price sustains above the trigger zone.

With shorts flushed, $FIL is now trading at a key reaction level. If buyers maintain control and volume confirms strength, $FIL could extend higher from here. Failure to hold may lead to brief consolidation before continuation.

Trade Setup

EP: 1.01 – 1.06

TP1: 1.12

TP2: 1.22

TP3: 1.38

SL: 0.96

Short liquidations can accelerate upside continuation — let price action confirm direction.

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