$FIL Short Liquidation $9.0667K at $0.956
Shorts just got squeezed at 0.956, triggering forced buys that gave FIL a quick push upward. When short positions are liquidated, it often creates short term momentum as those exits hit the market instantly.
If FIL holds above 0.95 and forms higher lows, we could see continuation toward the next resistance area. Strong green candles with steady volume would confirm buyers are stepping in.
But if price slips back below 0.94 quickly, this may turn out to be just a liquidity grab and a pullback could follow.
For now momentum slightly favors the upside, but waiting for confirmation is always the safer move.
FIL
1.017
+7.73%