The market is showing us a very interesting situation in $FIL because the Smart Traders who entered in long positions with an average of 0.883105 USDT are trapped in losses after the price retracement, and this perfectly explains why so much yellow zone is accumulating on the liquidation map. On the other hand, shorts are also suffering, with an average entry price at 0.838032 USDT, which sets up a perfect scenario for a clearing sweep before defining the next real move. The key zones to watch are the immediate support between 0.834 and 0.853 USDT, where the greatest risk for longs is concentrated, the upper resistance between 0.892 and 0.911 USDT, which acts like a magnet to go after the shorts, and the invalidation level below 0.815 USDT, which would completely break the current structure.

Taking into account the combination of the liquidation map and the Smart Traders data, the most likely direction in the short term is a clearing move or sweep to the downside in order to go catch all those longs that are trapped in losses with the average at 0.8831 USDT. Since the map shows a large concentration of yellow liquidation zones below, the market usually uses that as a magnet before trying to find the shorts’ liquidity upward. So, in my opinion, I would first look to sweep the lower support before defining a real upside move. Do you think those longs will hold, or will they get liquidated soon?
#analisistecnico
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