The Short Squeeze of the Century: $THE Token Liquidation.

Short Liquidation Alert: $9.2167K at $1.5552

In a jaw-dropping turn of events, the short liquidations for token have skyrocketed, triggering massive market volatility. Traders who bet against the token are feeling the heat as the price surged past $1.58829, leading to $9.2167K in short liquidations. This could be a key moment in the market, with the bulls taking control and squeezing out the shorts.

What Does This Mean for Traders.

Short Liquidation: When the price of a token moves against short positions, traders are forced to close their positions, often leading to even higher price surges.

$THE Surge: At $1.58829, we’ve seen explosive buying pressure, as short sellers scramble to cover their positions.

Market Impact: With over $9K in liquidations, this event could signal more upward momentum for $THE, or it could be a trap for those buying into the hype.

What’s Next for $THE

Bullish Scenario: If the momentum continues, we could see the price breaking higher, potentially aiming for new highs as shorts continue to get squeezed out.

Bearish Warning: While short liquidations are exciting, they can also lead to rapid price corrections. Be cautious as the market remains volatile.

Tips for Traders:

Monitor Price Action: Watch for support/resistance levels at key price points to better time entries and exits.

Risk Management: Always use stop losses and control your position sizes to protect against unpredictable market moves.

Key Levels to Watch:

Support: Watch for any pullbacks towards $1.5 as a potential area for buying.

Resistance: If the price reaches around $1.7–$1.8, look for signs of reversal.

Stay alert, and trade wisely.

The market is heating up, and $THE token could continue its wild ride. Are you ready for the next move.

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