🚨$THE /USDT Chart Analysis🚨

📊The $THE /USDT pair is currently experiencing a significant downward trend, indicated by the sharp decline over the past 24 hours. The price has dropped by 20.63% to $3.16.

Short-term Outlook:

📉 Short Entry: Consider a short position at the current price of $3.16.

🛑 Stop Loss: Place a stop-loss order slightly above recent highs, around $3.30, to limit potential losses.

🎯 Take Profit: Set a take-profit target at the next significant support level, which could be around $2.80.

📈Long-term Outlook:

The overall trend remains bearish, and further downside is expected in the short term. It's advisable to remain cautious and monitor the market closely for any signs of reversal.

⚠️Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.

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