$THE BREAKING DOWN — SHORT SETUP WITH CLEAR LIQUIDITY BELOW 🔥
Entry: 0.0544807 - 0.0546793 🔥
Target: 0.0524241, 0.0509869, 0.0488310 🚀
Stop Loss: 0.0574545 ⚠️
The daily trend on
$THE is clearly broken, with lower highs and lower lows intact on H4. Despite RSI hitting oversold, volume continues to favor sellers. The current order block between 0.05448 and 0.05468 is acting as resistance.
A full liquidation of recent longs below 0.0524 is likely before any meaningful bounce. This setup offers multiple profit targets with a favorable risk-to-reward ratio. Are you shorting this breakdown or waiting for a retest of resistance?
Not financial advice. Always manage your risk.
#THE #ShortSetup #Breakdown #Bearish #Crypto 🔥