$THETA Short Liquidation Alert.

Short Liquidation at $2.382 – A major event in the crypto market for $THETA

Total Liquidation: $1.6488K – The short positions facing a massive squeeze!

Why It Matters.

Short Liquidation occurs when traders who bet against the asset (short positions) are forced to close their positions due to price rising, triggering a buying spree.

$1.6488K worth of shorts getting liquidated indicates significant market pressure, with price movement potentially accelerating.

$2.3931 is a key level to watch, as it marks the point where short traders were forced out. If the price maintains above this level, we could see further upside momentum.

What’s Next.

The next resistance is critical – $2.50 to $2.70 could be the target range for bulls.

If $THETA holds above $2.3931, expect potential further squeeze in short positions.

Bullish momentum could continue if market sentiment remains strong, but caution at $2.70 – resistance zone could slow the price rise.

Keep an eye on the price action. As the market reacts to this short squeeze, volatility is expected to rise. A strong push above $2.70 could lead to more buying pressure

Strategy:

Buy Zone: Above $2.3931 for continuation.

Target Zone: $2.50 to $2.70 (resistance).

Stop-Loss: If price dips below $2.30, consider adjusting your position to minimize risk.

Stay vigilant and trade smart.

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