$THE just saw volume run 6.60x its prior 20-day average and price is still sitting above yesterday's low of $0.0648. that's someone buying into a quiet tape.
the weekly chart reads -2.78%, the monthly reads +8.14%, so this thing already round-tripped its dip and is basing right under resistance. RSI sits at 47, dead center, and the setup score comes in at 9 out of 14, mid-strength, not a screaming buy but not nothing.
i'm reading that volume spike as accumulation, not distribution, because price never cracked $0.0648 while all that size came through. if sellers were in control, that low is already gone.
$THE trades at $0.0663 right now. if it holds $0.0648, i think it grinds up toward the daily EMA20 at $0.0681487, about 2.8% away. if it loses $0.0648, i'm wrong on this and anyone long here is eating the drop with nothing left to defend.
holding $0.0648 or losing it?
follow me for more calls like this.
the weekly chart reads -2.78%, the monthly reads +8.14%, so this thing already round-tripped its dip and is basing right under resistance. RSI sits at 47, dead center, and the setup score comes in at 9 out of 14, mid-strength, not a screaming buy but not nothing.
i'm reading that volume spike as accumulation, not distribution, because price never cracked $0.0648 while all that size came through. if sellers were in control, that low is already gone.
$THE trades at $0.0663 right now. if it holds $0.0648, i think it grinds up toward the daily EMA20 at $0.0681487, about 2.8% away. if it loses $0.0648, i'm wrong on this and anyone long here is eating the drop with nothing left to defend.
holding $0.0648 or losing it?
follow me for more calls like this.
