$WLFI just printed a short liquidation of about 37.67K at 0.1237. This means traders who were betting on price going down got forced out. When shorts are liquidated, price usually jumps fast because buy orders hit the market at the same time. That spike is emotional, so the next move depends on how price behaves after the excitement cools down.
Right now the most important thing is not to chase the pump. After a short liquidation, price often pulls back to test strength. The healthy buy zone sits around 0.1180 to 0.1210. This area is important because it is close to the level where shorts were comfortable earlier. If price comes here and holds, it shows real buyers are stepping in, not just liquidation candles.