$THE Just Triggered a Major Short Liquidation – Momentum Is Building
A massive short liquidation of $1,234.6 at $0.2521 has sparked renewed bullish interest in $THE . This level acted as a springboard, liquidating over-leveraged shorts and pushing price momentum to the upside. The market has spoken, and it's time to pay attention.
Analysis Breakdown
Buy Zone:
$0.2450 – $0.2550
This is the current accumulation zone. Price has shown strong buying interest here, especially with liquidation pressure clearing weak hands. Ideal for entry with controlled risk.
Target 1: $0.2720
Initial resistance from previous price action. A break above this confirms a continuation.
Target 2: $0.2895
A psychological resistance zone and previous structural high. Expect some profit-taking around here.
Target 3: $0.3170
If momentum continues, this becomes the breakout level. Watch volume confirmation and order book depth.
Stop Loss:
$0.2390 (below the wick low of liquidation candle)
Placing the stop just under the liquidation range protects you from deeper pullbacks while maintaining a solid R:R ratio.
Technical Sentiment:
The short liquidation indicates bears are on the back foot. With bulls reclaiming the $0.2521 level, the trend looks set to reverse or at least consolidate upward. Volatility is expected to increase, and $THE might become a high-beta play in the coming hours.