$THE is about to迎来 market reversal.
As a new coin listed on Binance, it has dropped from a peak of $4 to around $1.33 now, accompanied by a drastic decrease in trading volume. $THE has completed the (at least) halving process.
From the candlestick chart, the trading volume of $THE has drastically shrunk, and there is strong support at the level of 1.318. Additionally, it has recently formed a triangular pattern, indicating a strong possibility of an upward breakout.
From the depth chart, the current buy orders are significantly larger than sell orders, implying strong downward support, while a 30% upward growth requires only $400,000, indicating minimal selling pressure above.
At the same time, the market maker needs to provide Binance with a detailed market-making plan and certain fees. The current trading volume is completely insufficient to support the market maker's exit, so the market maker will inevitably push prices up significantly. Now may be a good time point.
In summary, entering at the current price level for the is a high-probability choice.