$THE held that 0.237–0.240 area like a proper support floor. Sellers pushed it down there and couldn’t break it, and since then price has been printing higher lows. That’s the quiet sign that control is slowly shifting from sellers to buyers. Now it’s starting to push back above short-term resistance, which adds to the recovery story.
The 0.242–0.246 zone is where the long idea makes sense. It’s close enough to support to keep risk tight, but still shows that buyers are active. This isn’t a chase setup — it’s a structure-based one built on defense and gradual strength.
On the upside, 0.252 is the first place price might pause. If momentum keeps building, 0.260 is the next level to watch. A stronger push through the 0.250–0.255 region could open the door for 0.270, especially if volume starts expanding with the move.
Risk is clear and simple. Below 0.235, the support story starts to break and the bullish structure weakens. That’s the point where the setup is likely wrong.
This is a step-by-step move, not a moonshot candle. Taking partial profits along the way and tightening risk as price moves in your favor is the smart play. Let the structure guide you, not emotions.
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