🚨 Trading Signal Alert for THE/USDT 🚨
Time Frame: 4-Hour Chart
Current Price: $1.2197 (-3.03%)
Resistance Levels:
R1: $1.2677 (MA25)
R2: $1.2990 (24h High)
Support Levels:
S1: $1.1623 (24h Low)
S2: $1.0623 (Recent Swing Low)
Trend Overview:
THE/USDT is currently in a downtrend below the 7-MA ($1.2230) and 25-MA ($1.2677), indicating bearish pressure. Despite an attempt to stabilize above the $1.20 level, further downside may occur if the price fails to break through resistance.
Trade Setup
Entry Zone: $1.22–$1.24
Take-Profit Targets:
TP1: $1.26
TP2: $1.30
TP3: $1.35
Stop Loss: $1.16
⚠️ Caution: Watch for price stability around $1.22. A break above $1.27 may signal bullish momentum, while a fall below $1.16 could trigger additional downside. Trade responsibly!
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