$THE
/USDT Technical Analysis and Trade Strategy along with Three Target levels 🎯
Price: $2.51 (+1.02%)
Bollinger Bands (20, 2):
Upper Band: $2.5718
Middle Band: $2.5003
Lower Band: $2.4288
Parabolic SAR (0.02, 0.2): $2.4118
24h High: $2.6250
24h Low: $2.3000
Trade Strategy and Key Targets 🎯:
1. Bullish Trade Setup (Long Position)
Target 🎯 1: $2.6250 (24h high) – this is the first resistance level, where the price could face some resistance.
Target 🎯 2: $2.70 – A key resistance level if the bullish momentum continues beyond $2.6250.
Target 🎯 3: $2.80 – This is a more aggressive target, where further upward movement could lead if buying pressure sustains.
Stop Loss: Set a stop loss just below $2.43 (lower Bollinger Band) or $2.40 to protect against a reversal.
2. Bearish Trade Setup (Short Position)
Target 🎯 1: $2.30 (24h low) – This is the first support level to watch for potential price reversal.
Target 🎯 2: $2.20 – A further target if the price continues to break down.
Target 🎯 3: $2.10 – A more aggressive short target if downward momentum persists.
Stop Loss: Set a stop loss above the middle Bollinger Band at $2.50 or higher to limit risk in case of a price reversal.
3. Range Trading Strategy
Target 🎯 1: $2.57 (upper Bollinger Band) – Target the upper end of the range for short-term profits.
Target 🎯 2: $2.50 (Middle Bollinger Band) – Can be a secondary target if price remains within the range.
Target 🎯 3: $2.43 (Lower Bollinger Band) – If the price moves lower, this can act as a point for a potential reversal or buy.
Stop Loss: Keep a tight stop loss just below $2.40 to protect against a breakout outside the range.
Summary:
Bullish Scenario: Watch for a breakout above $2.57, targeting $2.6250, $2.70, and $2.80.
Bearish Scenario: A drop below $2.4118 and $2.43 could lead to short opportunities targeting $2.30, $2.20, and $2.10.
Range Trading: Buy near $2.43 and sell near $2.57, with a stop loss around $2.40 for risk management.
