$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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