$THE Long Trade Setup
Entry Zone
0.2650 – 0.2710 (Look for a slight retest of the EMA(21))
Take Profit 1
0.2820 (Recent local peak resistance)
Take Profit 2
0.2950 (Major resistance near the previous high)
Stop Loss
0.2580 (Below the recent swing low and the 4H support candle)
Risk/Reward
Approx 1:2.5
Reasons for the Trade
Trend Structure: The 4-hour chart indicates a Bullish Market Structure change. Since the bottom at 0.2064, the asset has consistently formed higher lows, suggesting buyers are accumulating on dips.
Moving Average Support: The price is holding above the EMA(21) (0.2693). In a trending market, this level often acts as a "springboard" for the next leg up.
Volume Confirmation: There was a notable volume spike during the bounce from 0.2064, and while volume has cooled, the price is consolidating sideways rather than dumping, which is a sign of bullish absorption.
Positive Momentum: The "7 Days" performance shows a +16.11% gain, indicating that the short-term momentum is strongly in favor of the bulls despite the longer-term (1 Year) downtrend.
Stop Lose Is Your Best Freind
Trade $THE Here👇
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