$THE
🚨 $THE hit with 3.4x sell volume spike, is this over or just starting? - Given the 3.4x volume anomaly and the sharp drop, this looks like engineered selling and possible liquidity sweep, likely by smart money rather than pure panic retail selling. - As long as price stays below 0.0658 and 0.0657, I expect more downside, targeting 0.0641 first, then 0.0628, possibly 0.0612 if selling resumes. - Short setup: Wait for a failed retest of 0.0657-0.0658 (look for a rejection candle or lower timeframe reversal pattern); if confirmed, enter short, take profit at 0.0641, with secondary target 0.0628. Place stop above the swing high made during the retest. - Long setup: If price sweeps below 0.0639 (creating a liquidity grab) and quickly reclaims 0.0641 with strong bullish momentum or a reversal formation, enter long aiming for 0.0653 and 0.0657. Stop at the new swing low. - Confirmation is key! For shorts, see rejection wicks, bearish engulfing, or a clear lower high on 1m/5m. For longs, look for a sharp V-reversal, double bottom, or engulfing after the sweep. - If price manages to reclaim and hold above 0.0658 with bullish strength, short bias is invalidated, and I’d expect a squeeze to 0.0661 and maybe even a run on the most recent high at 0.0690. 📝 This is not investment advice, just an educational analysis. Always wait for confirmations and manage your risk! 📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
