$THE THE/USDT Trading Signal - Sharp Decline Testing Key Support
Current Price: $1.3485
EMA Trends:
EMA(7): $1.4337
EMA(25): $1.5038
EMA(99): $1.5466
Observation:
THE/USDT has dropped by over 15% in the last session, breaking below all major EMAs. The price hit a low of $1.3167, indicating strong selling pressure. Any recovery needs to clear the EMA(7) to regain short-term momentum.
Potential Strategy:
Entry Range: $1.3400 - $1.3600
Targets:
Target 1: $1.4000 (EMA(7) Retest)
Target 2: $1.4700 (EMA(25) Retest)
Stop Loss: $1.3000
Key Insights:
If THE/USDT stabilizes near $1.3400, it may see a bounce toward EMA levels. Monitor trading volume for reversal signals. Secure partial profits at $1.4000 and adjust stop-loss after the first target to lock in gains. A break below $1.3000 may trigger further downside.
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