From the 1-hour chart, the current price of $THE is 0.4672. Recently, the price surged significantly to 0.6318 before retracing, with the 7-day moving average (0.4756857) and the 25-day moving average (0.4787320) forming resistance above the price, and the 99-day moving average (0.3424808) providing support at a distance. Trading volume increased during the surge, then decreased, indicating intense competition between bulls and bears, with increased uncertainty in the short-term trend.

- Short selling: If the price rebounds to around 0.48 - 0.49 and meets resistance, a light short position can be considered, with a stop loss set at 0.51 and a target aimed at 0.43 - 0.44.

- Going long: If the price retraces to stabilize around 0.43 - 0.44, a light long position can be attempted, with a stop loss placed at 0.41 and a target looking at 0.5 - 0.52.