FIL is consolidating right at a critical liquidity zone. Short liquidations cluster around $1.23–$1.24, and if the price breaks into that band, we're looking at potential momentum toward $1.60 as shorts get liquidated and hunting intensifies. The setup could trigger a notable squeeze.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
24 Likes
Reward
24
6
Repost
Share
Comment
0/400
token_therapist
· 12-28 12:03
Wow, is the squeeze coming? That $1.23 level is really a meat grinder.
View OriginalReply0
ForkThisDAO
· 12-27 16:55
If FIL really drops into 1.23-1.24, that would be great. The bears are probably going to get trapped.
View OriginalReply0
SelfCustodyIssues
· 12-27 16:54
If it breaks below 1.23, it's time to run. I've seen many squeeze situations like this.
View OriginalReply0
RugPullProphet
· 12-27 16:38
Bro, there's no way this liquidity trap is really going to crash, right?
View OriginalReply0
MEVSupportGroup
· 12-27 16:37
Damn, it's the same old trick again. Can $1.24 be broken? I bet it can't.
View OriginalReply0
HorizonHunter
· 12-27 16:33
If this key level at 1.23 is broken, heading straight to 1.60? This wave of shorts is about to be squeezed out.
FIL is consolidating right at a critical liquidity zone. Short liquidations cluster around $1.23–$1.24, and if the price breaks into that band, we're looking at potential momentum toward $1.60 as shorts get liquidated and hunting intensifies. The setup could trigger a notable squeeze.