$THE /USDT – Pullback in Progress After Tapping $0.40!
Current Price: $0.3681 (+9.03%)
After a strong bullish rally, $THE is showing signs of exhaustion, sharply rejecting the key $0.40 psychological resistance.
Key Technical Levels:
Resistance: $0.3900 / $0.4039
Support: $0.3550 / $0.3400
Short Trade Setup (Perp):
Entry Zone: $0.3700 – $0.3820
Targets:
TP1: $0.3550
TP2: $0.3400
TP3: $0.3250
Stop Loss: $0.4080
Market Insight:
A potential double top is forming around $0.40, with strong wick rejections hinting at short-term bearish pressure. If $THE fails to hold above $0.36, a deeper pullback could be on the table.
Pro Tip:
Watch for a volume drop combined with a candle close below $0.3650 – that could be the signal for a breakdown continuation.
Scalp smart. Short setups look spicy on $THE!
