$THE Is a new MOMENTUM coming? ๐ฅ๐ฅ
๐ ๐๐๐ฅ๐ฅTHE/USDT (THENA) - Reversal Structure Taking Shape
Everyone, what we're seeing on THE's 1-hour chart is a classic case of selling exhaustion with strong absorption.
The asset formed a double bottom at 0.0633 after an aggressive sell-off from 0.0767. This -17% move flushed out leveraged traders, and now we're seeing a recovery with consistent volume: 3.37M THE over the last 24 hours.
What stands out to me:
1. Support defended: The 0.0656 level held well and has already become a buy trigger. It's our immediate support.
2. Strong recovery: +3.63% on the day, breaking above the short-term moving average with strong-bodied candles. Buyers are coming back.
3. Clear target: Next resistance at 0.0715, followed by a retest of 0.0744. If it breaks 0.0744 on volume, there's room for a robust rally back to the 0.0767 high.
It's a DeFi asset listed on Binance, with a low market cap and high volatilityโthe exact kind of asset that can move fast when it turns around.
I'm keeping an eye on it. The structure looks good for the uptrend to continue.
Analysis: LevandovskiDT
๐ ๐๐๐ฅ๐ฅTHE/USDT (THENA) - Reversal Structure Taking Shape
Everyone, what we're seeing on THE's 1-hour chart is a classic case of selling exhaustion with strong absorption.
The asset formed a double bottom at 0.0633 after an aggressive sell-off from 0.0767. This -17% move flushed out leveraged traders, and now we're seeing a recovery with consistent volume: 3.37M THE over the last 24 hours.
What stands out to me:
1. Support defended: The 0.0656 level held well and has already become a buy trigger. It's our immediate support.
2. Strong recovery: +3.63% on the day, breaking above the short-term moving average with strong-bodied candles. Buyers are coming back.
3. Clear target: Next resistance at 0.0715, followed by a retest of 0.0744. If it breaks 0.0744 on volume, there's room for a robust rally back to the 0.0767 high.
It's a DeFi asset listed on Binance, with a low market cap and high volatilityโthe exact kind of asset that can move fast when it turns around.
I'm keeping an eye on it. The structure looks good for the uptrend to continue.
Analysis: LevandovskiDT