$THETA Bull Run: $61.9K Short Liquidation at $2.816 Powers Uptrend!
A hefty $61.9K short position was liquidated at $2.816, reflecting strong bullish momentum as bears are forced out.
This liquidation may act as a springboard for THETA to climb higher in the coming sessions.
Strategic Recommendations:
1. For Bulls:
• Opportunity: If $THETA holds above $2.87, it could surge toward $3.00 or even $3.10.
• Entry Point: Consider entering around $2.87–$2.90, with a stop-loss below $2.85 to minimize risk.
2. For Bears:
Risk Zone: Watch for resistance near $3.00. A rejection here might lead to a correction back to $2.80.
Avoid heavy shorts unless THETA clearly breaks below $2.85.
Key Price Levels:
Support: $2.85, $2.80
Resistance: $3.00, $3.10
$THETA is building momentum—align your strategy with market conditions and stay sharp!
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