$FIL has recorded a significant short liquidation, suggesting bearish positions were forced to close as price moved upward. This can support bullish momentum, but a single liquidation event does not confirm a sustained reversal. From an institutional perspective, watch for a bullish BOS, a successful retest of support, and sustained buying volume before considering a long position. Without a live chart, the market structure and liquidity zones remain unconfirmed.
đ Trade Plan
Bias: LONG â conditional
Entry: $1.035â$1.050, only after bullish confirmation
TP1: $1.075
TP2: $1.100
TP3: $1.130
SL: $1.015
Risk-to-Reward: Approximately 1:1 to 1:3.2, depending on entry
Trade Grade: B â provisional
Trade Thesis: A short squeeze can extend upward if buyers maintain control and price establishes support above the liquidation level. Look for a bullish CHOCH/BOS, a reclaimed order block, and a favorable FVG retest. These levels are illustrative, not verified chart-derived targets.
đ Trade Plan
Bias: LONG â conditional
Entry: $1.035â$1.050, only after bullish confirmation
TP1: $1.075
TP2: $1.100
TP3: $1.130
SL: $1.015
Risk-to-Reward: Approximately 1:1 to 1:3.2, depending on entry
Trade Grade: B â provisional
Trade Thesis: A short squeeze can extend upward if buyers maintain control and price establishes support above the liquidation level. Look for a bullish CHOCH/BOS, a reclaimed order block, and a favorable FVG retest. These levels are illustrative, not verified chart-derived targets.