Technical Analysis for $THE
/USDT🚀🎯
Current Price: $2.3901 (+4.10%)
Indicators Overview:
Bollinger Bands suggest moderate volatility, with the price near the middle band.
SAR indicates bearish momentum as the current price is below the SAR level (2.4256).
Key support is near the lower Bollinger Band (2.3453), while resistance is near the upper band (2.4928).
Trade Strategy and Targets 🎯
1. Bullish Scenario (Breakout)
Entry: Buy above $2.4250 (confirmation of momentum above SAR).
Targets:
🎯 Target 1: $2.5000 (near the upper Bollinger Band).
🎯 Target 2: $2.6000 (psychological resistance and recent consolidation zone).
🎯 Target 3: $2.7500 (approaching the 24h high, signaling strong bullish momentum).
Stop Loss: $2.3450 (below the lower Bollinger Band).
2. Bearish Scenario (Breakdown)
Entry: Sell below $2.3450 (confirmation of a breach below the lower Bollinger Band).
Targets:
🎯 Target 1: $2.3000 (recent support level).
🎯 Target 2: $2.2500 (psychological support zone).
🎯 Target 3: $2.2000 (next major support level).
Stop Loss: $2.4250 (above the SAR and middle Bollinger Band).
3. Range Trading (Neutral)
Entry: Buy near support at $2.3500 and sell near resistance at $2.5000.
Targets:
🎯 Target 1: $2.4190 (middle Bollinger Band).
🎯 Target 2: $2.4920 (upper Bollinger Band).
Stop Loss: $2.3000 (below key support levels).
Key Notes:
Confirm trend directions with increased volume to avoid false breakouts or breakdowns.
Adjust stop-loss levels dynamically based on market volatility.
