$THE Massive Short Liquidation Alert.

The price of (Theorem) has seen a dramatic shift, with $1.737K worth of short positions getting liquidated at $1.6577. This sudden surge has caught many traders off-guard and signals a potential change in momentum. Now, the big question is: What's next for $THE.

Key Technical Levels to Watch.

Buy Zone.

$1.650 - $1.700

This range looks like a solid buy zone as $THE has just had a major short squeeze. It’s important to enter around these levels if you're looking to catch the momentum before the price rises further.

Target Levels.

First Target: $1.80

After the liquidation, a potential rally could see the price testing $1.80. It’s an initial level where some resistance might appear, but a breakout above this would indicate bullish strength.

Second Target: $1.95

If the bullish trend continues, expect the next major resistance at $1.95. This is where the price could face more significant selling pressure, but reaching here will confirm the strong bullish trend.

Stop-Loss.

Stop-Loss: $1.60

A stop-loss at $1.60 is a good risk management point. If $THE dips below this level, it could indicate that the uptrend is losing momentum, and you may want to reconsider holding your position.

Why this Matters.

Short liquidations like this one create strong upward pressure on prices, and we could be seeing a major shift in market sentiment. Traders who were betting on falling prices have been forced to buy back their positions, further pushing the price up. This event could be just the beginning of a significant upward move, but always be ready for volatility.

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