$THE : Long Liquidation Presents a Critical Opportunity!
📊 $6.5952K in longs liquidated at $1.53494, signaling increased bearish pressure. The market is at a pivotal moment—will it stabilize or drop further? Here’s the plan.
Key Levels to Watch
Support Zone: $1.50 - $1.53 (critical holding area).
Resistance Zone: $1.60 - $1.65 (key breakout level).
Potential Targets After Recovery:
1. $1.58 (short-term).
2. $1.72 (medium-term).
3. $1.85 (long-term).
Trading Plan for $THE
Buy Zone
Dip Entry: $1.50 - $1.53 (if support holds).
Breakout Entry: Add positions above $1.60 with confirmed momentum.
Targets
1. Target 1: $1.58
2. Target 2: $1.72
3. Target 3: $1.85
Stop Loss
Stop Loss Level: $1.48 (below support to reduce risk).
What’s Next?
1. Bullish Scenario:
If price stabilizes above $1.53 and breaks $1.60, expect a rally toward $1.58 and beyond.
2. Bearish Scenario:
A drop below $1.48 could trigger further downside, so avoid buying if this happens.
💡 Tips:
Patience Pays: Wait for confirmation of recovery or breakout before entering.
Protect Capital: Always set a tight stop loss to minimize risks.
THE is at a critical juncture—stay prepared for the next move! 🎯