$THE just ignited a clean liquidity expansion — structure holds only if this base survives
THE was coiling tightly around the $0.255–$0.260 demand base before triggering a sharp expansion move, ripping straight into $0.2923 with minimal resistance. This wasn’t slow accumulation — it was a liquidity-driven impulse, likely fueled by short liquidations during the vertical push.
After tagging the high, price is now recycling liquidity around $0.273–$0.276, holding well above the impulse origin. So far, pullbacks remain controlled with no heavy distribution, showing short-term strength despite profit-taking.
Key zones that matter now: • Impulse base: $0.258 – $0.262
• Liquidity high: $0.2923
• Current reaction zone: $0.270 – $0.276
• Failure level: Below $0.255
If THE continues to hold above the impulse base, this move has room to transition from liquidation pop into trend continuation.
A breakdown back below support would signal this was a one-sided squeeze, not a confirmed structure flip.
Trade
#the here
$BIRB $PIGGY