$THE Massive Short Liquidation – Bullish Momentum Ahead?
A $5.08K short liquidation just hit at $1.41, signaling potential strength for $THE as sellers get wiped out.
With liquidations acting as fuel for price movements, we could see further upside if bulls capitalize on this momentum.
🔹 Key Levels to Watch:
• Support: $1.20 – A strong base where buyers may step in.
• Resistance: $1.60 – Breaking above could trigger further rally.
Trade Setup:
• Buy Zone: $1.380 - $1.430 (Pullbacks could offer a solid entry)
• Sell Targets: $1.6000 / $1.750 (Lock in profits as resistance nears)
Next Move?
If price holds above $1.400, a push toward $1.600+ looks likely.
However, failure to sustain could lead to a retest of $1.350 before the next breakout attempt. Watch for volume confirmation!
Stay sharp! A breakout above resistance could bring a strong surge.
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