【$THE】Short, Negative Funding Rate Suppression / Rebound Exhaustion / Selling Pressure Emerging


$THE On the 4H timeframe, after volume surge rally, buying continued to push prices but failed to establish stability, with the latest K-line forming a long upper wick. With negative funding rate at -0.29%, short position intent is strong, naturally suppressing rebounds. While the market appears strong on the surface, selling pressure is clearly accumulating above, with each rally being quickly absorbed. Capital support is not decisive. Current position chasing rallies has greater risk than reward; patiently waiting for rebound exhaustion signals is more prudent.
🎯 Direction: Short 🛑 Stop Loss: 0.1686 (Above prior high) ⚡ Entry: 0.1629 - 0.1640 (Near current price in tranches) 🚀 Target: 0.1550 (Prior low support) / 0.1480 (Structure breakdown) 🛡️ Strategy: Enter in tranches when rebound lacks strength, add on break below 0.1594, push breakeven stop, zero-risk scalp.
View real-time chart 👇 $THE
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