$FIL experienced a $50.5K short liquidation at $1.146, indicating that bearish positions were squeezed as price moved against them. The event creates a possible continuation setup if buyers maintain control above the liquidation area. Under SMC and ICT principles, a retest followed by a bullish BOS would strengthen the case for further upside. If price rejects resistance and falls back below support, the squeeze may prove temporary.
📈 Trade Plan — Conditional LONG
Bias: LONG after bullish confirmation
Entry: $1.140–$1.155
TP1: $1.175
TP2: $1.200
TP3: $1.235
SL: $1.115
Risk-to-Reward: Approximately 1:1 to 1:3
Trade Grade: B (provisional)
Trade Thesis: The liquidation suggests potential buying pressure, but follow-through is essential. Look for a successful retest, improving momentum, and a higher low before considering entry. Wyckoff accumulation cannot be confirmed without the broader price structure and volume.
Risk Management: Do not enter solely because shorts were liquidated. Reassess if price loses the proposed support zone.$FIL
📈 Trade Plan — Conditional LONG
Bias: LONG after bullish confirmation
Entry: $1.140–$1.155
TP1: $1.175
TP2: $1.200
TP3: $1.235
SL: $1.115
Risk-to-Reward: Approximately 1:1 to 1:3
Trade Grade: B (provisional)
Trade Thesis: The liquidation suggests potential buying pressure, but follow-through is essential. Look for a successful retest, improving momentum, and a higher low before considering entry. Wyckoff accumulation cannot be confirmed without the broader price structure and volume.
Risk Management: Do not enter solely because shorts were liquidated. Reassess if price loses the proposed support zone.$FIL