$THE Here’s a detailed analysis for (Thena) based on the information you provided and a technical trading approach.

Current Update.

A long liquidation of $21,082 occurred at a price of $1.17155.

This shows selling pressure, as traders exited their long positions, possibly due to price rejection or stop-loss hits.

Next Steps for Trading $THE.

1. Buy Zone.

The potential buy zone is based on areas of strong support.

$1.1200 to $1.1400

This range acts as a low-risk entry zone where buyers may step in.

2. Targets.

Once the price stabilizes and starts moving upwards, aim for these targets.

Target 1: $1.1800

Target 2: $1.2000

Target 3 (Extended). $1.2300

These levels correspond to resistance areas where selling might increase.

3. Stop-Loss.

To manage risk, place a stop-loss slightly below the support level.

Stop-Loss. $1.1000

This ensures you exit the trade if the price breaks below support, indicating further downside potential.

Technical Insights.

Support. $1.1200 acts as a strong support zone from previous price action.

Resistance. $1.2000 and $1.2300 are key levels where sellers might take profit.

Market Sentiment. After the liquidation event, the market may see a short-term correction before an upward move.

Advice.

Always start with small positions to test the trend.

Watch for confirmation, such as higher trading volume near the support zone or bullish candles forming.

Adjust targets and stop-loss if market conditions change.

Let me know if you need further clarification.

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