$THE Price Action – Bulls Gearing Up?

🔍 Market Insight

After a sharp pullback from its recent high of $1.8154, $THE is now testing a critical support zone at $1.55-$1.60. The price action suggests that the bulls may be eyeing a comeback, as consolidation around this level often sets the stage for a reversal.

📈 Trade Setup

Entry Zone (Long): $1.55 - $1.60

Targets:

$1.65 – Initial resistance

$1.75 – Major breakout point

Stop Loss: $1.50 – Below key support to minimize risk

📊 Key Observations

The chart shows signs of bullish momentum, with prior higher lows suggesting buyers are still in the game. A bounce from this level could push $THE toward reclaiming its recent highs.

⚡ Next Move?

If $1.55 holds, expect a rebound toward $1.65, with a potential surge to $1.75 if volume confirms the breakout. Watch closely for increased activity near the support zone – this could signal the start of the next upward leg.

🚨 Pro Tip: Lock in partial profits at $1.65 and trail your stop-loss to secure gains as THE approaches the next resistance.

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