$FIL Based on recent data, $7.5847K short liquidations occurred at $5.017, indicating that many traders betting on price drops were liquidated when the price surged above this level. This suggests strong buying interest at lower levels and potential bullish momentum in the short term.

Technical Analysis.

1. Current Scenario.

The short liquidation level of $5.017 acts as a critical support level.

Bulls might push the price higher as sellers are forced to cover their positions.

Buy Zone.

Ideal Entry Levels. $4.80 – $5.10

Look for dips to enter if the price stays near or above $5.017.

Target Levels. Take Profit.

1. Target 1: $5.50

2. Target 2: $6.00

3. Target 3 Extended. $6.50

Stop Loss Levels.

Conservative Stop Loss. $4.70 below strong support.

Aggressive Stop Loss. $4.50 accounting for higher volatility.

Market Sentiment & Next Steps.

1. Bullish Momentum. If the price stays above $5.017, buyers may gain confidence to push toward higher targets.

2. Key Resistance Levels. Watch $5.50 and $6.00 for potential selling pressure.

3. Bearish Risk. If $5.017 breaks down, $4.80 and $4.50 are the next critical supports to monitor.

Note.

Always assess market conditions, use proper risk management, and avoid over leveraging.

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