$THE Long Liquidation: $1.3864K at $1.55675
A $1,386.4K long position on the was liquidated at $1.55675, indicating that bulls lost strength at this level, leading to potential downward pressure.
Key Details About $THE:
$THE is a small-cap cryptocurrency with a focus on community-driven utility.
Due to its low market cap, it’s prone to high volatility and speculative trading.
Next Move of $THE:
The liquidation may trigger a short-term correction if sellers maintain control.
A bounce is possible if buyers defend key support levels.
Support and Resistance Levels:
Support: $1.50
Resistance: $1.60
Recommendation:
If the stays above $1.50, it could be a buy for a potential recovery to $1.60.
If it drops below $1.50, avoid entering until a clearer trend forms.
$THE is highly volatile, so trade with caution and use stop-loss orders to manage risk effectively.