The Protocol Insight: $2.191K Settled at $1.7048
A short position in The Protocol $THE met its end with a $2.191K liquidation as the price reached $1.7048. This event reflects a surge in buying pressure, signaling potential shifts in market dynamics.
Key Observations:
Support & Resistance: The price is testing significant levels, with resistance around $1.75 and support at $1.68.
Volume Spike: Increasing activity suggests renewed interest and possible volatility ahead.
Traders should keep an eye on these levels to determine whether $THE is gearing up for a breakout or a pullback. It’s all about timing and precision as this coin gains traction in the market.
