$$THE Massive Liquidation Alert.

Token: $THE

Short Liquidation Volume: $8.7569KPrice Level: $1.7178.

The bears couldn’t hold their ground, and a massive $8,756.9 worth of short positions got wiped out at $1.74117. The bulls have taken the driver’s seat, pushing the market upward with powerful momentum.

What Does This Mean.

Short Liquidation Explained.

Short positions are bets that the price of will go down. When the price rises beyond a certain level (the liquidation price), traders holding short positions are forced to exit, creating additional upward pressure.

Bulls in Charge:

This liquidation indicates strong buying momentum as traders pushed $THE beyond key resistance levels, forcing shorts to close their positions.

Next Move:

If bulls maintain this momentum, we might see testing $1.80 or even higher.

However, if the resistance proves strong, expect a short-term pullback toward $1.70-$1.68 for consolidation.

Watch Out for:

Key Support Levels: $1.70, $1.68

Key Resistance Levels: $1.80, $1.85

Pro Tip:

Stay cautious and monitor the buying volume. If it weakens, it could signal an opportunity for bears to regain control. If it stays strong, bulls might continue their dominance.

The market's heating up – will $THE soar, or will the bears stage a comeback? Share your thoughts below.

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