$THE Liquidation Alert: What's Next?
Breaking News:
A $12.505K long position was liquidated at $1.69356.
Heavy selling pressure indicates $1.69 as a critical resistance level for now.
Next Steps for $THE Traders:
Buy Zone:
Watch for entry opportunities between $1.60 - $1.68, where support may emerge.
🎯 Target Levels:
1. $1.75 - Immediate recovery target.
2. $1.85 - Next key level if bullish momentum builds.
❌ Stop Loss:
Set a stop-loss below $1.55 to protect against further downside risks.
Why This Plan Works:
The $1.60-$1.68 range has acted as a strong accumulation zone in the past.
A breakout above $1.75 could attract fresh buyers, pushing prices higher.
Pro Tips for Trading:
Use small position sizes to manage risk during volatility.
Confirm entry with a spike in volume or bullish candlestick patterns.
Trade cautiously, stay patient, and follow your plan!