$FIL just showed a sharp warning for leveraged traders. Long liquidations reached $78.7K around $0.692, showing that buyers were caught leaning too hard on the upside. The important part now is whether FIL can reclaim and hold above the liquidation zone. If price stays below it, selling pressure can continue as weak longs exit.
Next move: watch the $0.692 area closely. A clean recovery above it could trigger a squeeze toward TG1: $0.706, TG2: $0.721, and TG3: $0.740. If rejection appears, downside continuation becomes the stronger setup.
Long liquidation data does not confirm a bearish reversal alone, but it clearly shows leverage has been flushed. That can create a healthier base if spot demand returns.
Pro tip for pro traders: do not chase the first bounce after a liquidation sweep. Wait for confirmation, then use the reclaimed level as your invalidation point. FIL is now a reaction trade, not a blind entry. Stay patient today.
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