$THE /USDT Technical Analysis 🚀🎯
• Price Momentum: Up 173.24% in 24h, showing strong bullish trend.
• SAR: At 0.7734, well below current price, confirming uptrend.
• Volume: High (THE: 550.90M, USDT: 1.63B), indicating strong market interest.
• Resistance/Support:
• Resistance: $4.18 (24h high).
• Support: $3.20, $2.80.
Indicators:
• Bollinger Bands: Overbought; short-term corrections possible.
• RSI: Likely above 70, signaling overbought but strong momentum.
Trade Strategy:
• Entry: $3.50–$3.70 (pullbacks). Add positions above $4.00.
• Stop-Loss: Below $3.20.
Targets 🎯:
1. $4.50 (short-term).
2. $5.00 (psychological level).
3. $5.50 (sustained momentum).
Key Notes:
• Bullish trend as long as price stays above $3.20.
• Watch resistance at $4.18 and profit-taking near $5.00.
• Close above $4.20 on high volume confirms further rally.