The correction in $THE is healthy because it helps clear short-term overextensions and allows the market to consolidate before the next move. I’m watching this zone closely to see if buyers step in and defend it.
$THE Long Liquidation: $1.9946K at $0.19527
Entry Zone: 0.192 – 0.196
Target 1: 0.203
Target 2: 0.210
Stop Loss: 0.188
This zone is strong because it aligns with a previous support area where price found a base multiple times. It also coincides with a key retracement from the last bullish swing, making it a reaction area that often attracts buyers. If this level holds, they’re building strength, and the next upward move could gain momentum. I’m watching for clean rejection candles and rising volume for confirmation.
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THE
0.1683
-1.05%