$THE has made a strong breakout from its recent consolidation, surging over 14%. The buy-side pressure is evident, with 60% bids versus 40% asks in the order book. By moving above $0.4100, $THE has turned previous resistance into support, setting the stage for potential higher highs.
*Key Levels to Watch*
- *Support*: $0.4100 is crucial; holding above this level could lead to further gains.
- *Entry Zone*: $0.4300 - $0.4335 is a good range to consider buying.
- *Stop Loss*: Below $0.4100 to limit potential losses.
- *Targets*:
- TP1: $0.4400
- TP2: $0.4500
- TP3: $0.4650 (extension target)
*Trading Strategy*
Buy and trade $THE with caution, keeping an eye on the support level and adjusting positions accordingly. A hold above $0.4400 could signal further upside potential.
