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$THE Technical Analysis: Bullish Momentum Building
$THE is currently showing strong signs of accumulation, consolidating effectively above its short-term support levels. Following a significant impulse move, the price action on the 30m (30-Minute) timeframe is printing a series of higher lows, indicating that buyers are aggressively defending dips.
If the current momentum sustains, a breakout toward the recent local highs is the high-probability scenario.
📈 Strategic Long Setup
Entry Zone: 0.2460 – 0.2470
Target 1 (TP1): 0.2520
Target 2 (TP2): 0.2580
Stop-Loss (SL): 0.2425
🔍 Key Market Observations
Market Structure: Shifted to bullish on the micro-trend; buyers are stepping in at higher support levels.
Volume Profile: Healthy consolidation after a surge suggests the move isn't exhausted but rather "recharging."
Risk/Reward: The setup offers a disciplined entry with a clear invalidation point just below the recent swing low.
Nabiha Noor's Insight: Consolidation is the fuel for the next leg up. Watch for a volume spike near the 0.2470 level as confirmation of the breakout. Always trade with a plan and keep your emotions in check!
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