Current Price: $0.01407 (-39.03%). The mid-cap bloodbath continues, but THQ is holding above crucial psychological levels. The market structure shows a descending wedge, which is a bullish reversal pattern. The momentum is weak now, but that can change in a single hour. The next move is to watch for a breakout above the trendline. A close above $0.015 triggers the buy signal. Target 1: $0.019. Target 2: $0.025. Target 3: $0.033. Pro Tip: Do not trade the chop. Wait for the confirmation candle. Let the price prove it wants to go up. Trading without confirmation is gambling. Secure partial profits at target 1 and move your stop to break even to reduce risk.
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