Sellers took control after the spike top — $THE rejected hard from $0.0884 and is retracing toward the $0.0530–0.0624 zone, still printing lower highs.
$THE is showing a post-spike bearish retracement, with price down roughly 30% from $0.0884 and no confirmed reversal candle at current levels.
Trade Setup:
Entry: $0.0618 – $0.0624
Target: $0.0717 / $0.0811
Stop Loss: $0.0530
11.61M USDT volume against 172.39M THE traded indicates the bulk of volume occurred during the spike itself, leaving thinner liquidity at current levels; the last two 1h candles remain red with no basing structure confirmed yet.
Let's go and Trade now $THE
#Write2Earn
Disclaimer: This is my personal on-chain analysis and not financial advice. Always do your own research before trading.
$THE is showing a post-spike bearish retracement, with price down roughly 30% from $0.0884 and no confirmed reversal candle at current levels.
Trade Setup:
Entry: $0.0618 – $0.0624
Target: $0.0717 / $0.0811
Stop Loss: $0.0530
11.61M USDT volume against 172.39M THE traded indicates the bulk of volume occurred during the spike itself, leaving thinner liquidity at current levels; the last two 1h candles remain red with no basing structure confirmed yet.
Let's go and Trade now $THE
#Write2Earn
Disclaimer: This is my personal on-chain analysis and not financial advice. Always do your own research before trading.