【$THE】Short Position, Negative Funding Rate Strong Pressure / Rally Exhaustion / Selling Pressure Emerging

$THE At the 4H level, after volume breakout and higher prices, buying pressure continued to push prices but failed to hold support, the latest K-line closed with a long upper wick. Under negative funding rate of -0.29%, short position sentiment is strong, naturally suppressing rallies. The market appears strong on the surface, but selling orders are clearly stacked above, each push is quickly digested, and capital support is not decisive. Current position chasing highs carries greater risk than reward, patiently waiting for rally exhaustion signals is more prudent.
🎯 Direction: Short🛑 Stop Loss: 0.1686 (above previous high)⚡ Entry: 0.1629 - 0.1640 (around current price in batches)🚀 Targets: 0.1550 (previous low support) / 0.1480 (structure breakdown)🛡️ Strategy: Weak rally allows batch entry, add position on break below 0.1594, push breakeven stop, risk-free trading.
View Real-time Chart 👇 $THE
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