⚔️ $THE has rallied into a key resistance zone, and I’m waiting for sellers to confirm the rejection before stepping in.
Trading Plan — Short $THE
📍 Entry: $0.0625 – $0.0635
🛑 SL: $0.0655
🎯 TP1: $0.0600
🎯 TP2: $0.0580
The recent recovery has carried price back into an area where bullish momentum is likely to be tested. While the bounce has been strong, the current zone aligns with previous supply, making it a favorable location for sellers to defend if buying pressure begins to fade.
This setup offers a clean risk-to-reward profile. The stop is positioned above the invalidation level, while the downside targets align with nearby liquidity resting beneath the current range. A confirmed rejection from resistance would strengthen the bearish case and increase the probability of a move toward the take-profit levels.
Patience is part of the edge. Wait for the rejection at resistance—don’t chase the move. My short setup is here 👇
Trading Plan — Short $THE
📍 Entry: $0.0625 – $0.0635
🛑 SL: $0.0655
🎯 TP1: $0.0600
🎯 TP2: $0.0580
The recent recovery has carried price back into an area where bullish momentum is likely to be tested. While the bounce has been strong, the current zone aligns with previous supply, making it a favorable location for sellers to defend if buying pressure begins to fade.
This setup offers a clean risk-to-reward profile. The stop is positioned above the invalidation level, while the downside targets align with nearby liquidity resting beneath the current range. A confirmed rejection from resistance would strengthen the bearish case and increase the probability of a move toward the take-profit levels.
Patience is part of the edge. Wait for the rejection at resistance—don’t chase the move. My short setup is here 👇