🚨 $THE Short Liquidation Surge! 🚨
💥 A massive $39.44K short liquidation just occurred at $1.62103, sending the price upwards! Bears are being squeezed hard, and the bulls may be ready to take control. This is a thrilling opportunity to enter the market at a key moment. Will the momentum continue? Let’s break it down!
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🔎 What’s Happening?
When shorts get liquidated, it means traders who bet on price declines are forced to buy back, causing a sharp increase in price. This could be the beginning of a powerful rally if the buying pressure keeps up.
📉 Key Market Levels:
Resistance: $1.70 - $1.75 (Immediate resistance zone)
Support: $1.55 - $1.60 (Key buying area)
$THE has broken above key levels, and if it stays above $1.60, we could see it push towards higher resistance.
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🔥 Trading Plan (Next Move):
Buy Zone (Entry Point):
Look to enter around $1.60 - $1.62 if the price holds support and shows strength.
Target Levels:
First Target: $1.70 (Test of immediate resistance)
Second Target: $1.75 (Next key resistance zone)
Stop Loss:
Place your Stop Loss below $1.55 to protect your position in case the price retraces.
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⚡ Pro Tips for Trading $THE:
1. Volume Confirmation: Look for a surge in volume around $1.60 to confirm the upward momentum.
2. Breakout Play: If $1.70 breaks with strong volume, expect a quick move towards $1.75.
3. Risk Management: Always use your Stop Loss to avoid losses in case the price moves against you.
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🔥 Market Insight: The $39.44K short liquidation has created a perfect entry point for traders watching $THE. If the price holds above $1.60, a breakout towards $1.70 and $1.75 is highly possible.
Trade carefully, stay alert, and keep an eye on these levels! Let me know if you need real-time updates on $THE! 💹
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