$THE To provide you with the best possible information, let me break this down step by step:

1. Understanding the Situation

$THE Long Liquidation: This means that traders who had bet on the price going up (long positions) were forced to sell due to the price dropping to a critical level.

Liquidation Value: $1.5298K worth of long positions were liquidated at a price of $1.28879.

This typically indicates bearish market sentiment but can also be a potential bounce-back zone if strong support is identified.

2. Key Levels to Watch

Buy Zone: If $1.28879 proves to be a strong support level, the buy zone could be between $1.25 - $1.30.

Resistance Levels (Target): Watch for resistance at:

$1.35 (Short-term target)

$1.45 (Mid-term target)

$1.60 (Long-term target if momentum builds)

Stop-Loss: Place a stop-loss below $1.25, around $1.20, to minimize risk in case the price drops further.

3. Market Sentiment and Strategy

Look for signs of a reversal, like increased volume or bullish candlestick patterns near the support zone.

If the price breaks below $1.25 with high volume, wait for the next support level.

Always follow proper risk management: Don't invest more than you can afford to lose.

4. Important Tips

Monitor news or updates about $THE, as fundamental developments can influence price action.

Use a reliable charting tool to track price movements in real-time.

Avoid emotional trading and stick to your plan.

Would you like a detailed chart analysis or any other clarification.

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