THE/USDT (4H) T.A
THE has broken out with a strong impulsive candle, gaining over 47% in a single 4-hour session. The move is backed by a sharp increase in volume, showing genuine buying interest rather than a low-volume spike. Even so, candles of this size are often followed by a period of cooling off before the trend continues.
Price is now trading above the 7, 25, and 99-period moving averages, putting the short-term trend back in bullish territory. The MACD has crossed higher and momentum is expanding, suggesting buyers still have the upper hand.
The immediate level to watch is $0.0884. A 4-hour close above that resistance would strengthen the bullish structure and could send price toward the $0.095-$0.100 area. If the breakout loses momentum, the first demand zone sits around $0.060-$0.062. As long as that area holds, the current uptrend remains intact.
I wouldn't enter after such an aggressive candle. Waiting for a pullback into support offers a much better risk-to-reward setup than chasing price at local highs.
Trade Plan
Direction: Long
Entry: $0.061-$0.064 (on a healthy pullback)
Stop Loss: $0.056
Take Profit 1: $0.078
Take Profit 2: $0.088
Take Profit 3: $0.095-$0.100
Suggested Leverage: 3x-5x (conservative) or 7x maximum for experienced traders due to the recent volatility. The trend favours
buyers, but discipline matters more than momentum. Let the market come back into your entry zone instead of paying a premium after a 47% rally.
THE has broken out with a strong impulsive candle, gaining over 47% in a single 4-hour session. The move is backed by a sharp increase in volume, showing genuine buying interest rather than a low-volume spike. Even so, candles of this size are often followed by a period of cooling off before the trend continues.
Price is now trading above the 7, 25, and 99-period moving averages, putting the short-term trend back in bullish territory. The MACD has crossed higher and momentum is expanding, suggesting buyers still have the upper hand.
The immediate level to watch is $0.0884. A 4-hour close above that resistance would strengthen the bullish structure and could send price toward the $0.095-$0.100 area. If the breakout loses momentum, the first demand zone sits around $0.060-$0.062. As long as that area holds, the current uptrend remains intact.
I wouldn't enter after such an aggressive candle. Waiting for a pullback into support offers a much better risk-to-reward setup than chasing price at local highs.
Trade Plan
Direction: Long
Entry: $0.061-$0.064 (on a healthy pullback)
Stop Loss: $0.056
Take Profit 1: $0.078
Take Profit 2: $0.088
Take Profit 3: $0.095-$0.100
Suggested Leverage: 3x-5x (conservative) or 7x maximum for experienced traders due to the recent volatility. The trend favours
buyers, but discipline matters more than momentum. Let the market come back into your entry zone instead of paying a premium after a 47% rally.