$THE Explodes with Short Squeeze!
A $THE short position worth a staggering $5.8038K has been liquidated at $1.62177, fueling a powerful upward surge.
The bears have been caught off-guard as momentum shifts strongly in favor of the bulls!
Important Details:
1. Liquidation Price: $1.62177
2. Amount Liquidated: $5,803.8
3. Market Sentiment: Strong bullish breakout as shorts are squeezed out of the market.
Next Move Suggestions:
1. Monitor Resistance Levels:
Watch $1.65–$1.70 closely.
If these levels break, $THE could continue its upward momentum toward $1.80.
2. Don't Chase the Rally:
Avoid entering long positions at overextended prices.
Wait for a potential pullback to $1.60 for a safer entry point.
3. Use Stop-Losses Strategically:
If taking a new long position, set a stop-loss below $1.55 to manage risk.
4. Shorts, Be Cautious:
Bearish traders should wait for a clear rejection at resistance levels before re-entering.
A sustained break above $1.70 could invalidate further downside.
The market is heating up—trade carefully and capitalize on the momentum!
Let me know if you'd like technical insights to refine your next move.