THE/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 2.53 USDT
Support Level: 2.3000 USDT
Resistance Level: 2.6330 USDT
Trading Data:
24h High: 2.6330 USDT
24h Low: 2.3000 USDT
24h Volume (THE): 57.07M
24h Volume (USDT): 141.90M
Technical Analysis:
Price Trend: THE is down by -2.08%, showing a slight bearish sentiment.
MACD: Mild bearish momentum, but flattening indicates potential recovery.
RSI (Relative Strength Index): Near neutral, suggesting balanced buying and selling pressure.
Candlestick Patterns: Price consolidation with small range candles around the current price.
Step-by-Step Trading Strategy:
Buy Signal:
Entry zone: 2.4500–2.5000 USDT (near support).
Breakout entry: Above 2.6350 USDT for bullish confirmation.
Sell Signal:
Take profit near 2.6000–2.6300 USDT (resistance).
Extended targets: 2.7000–2.7500 USDT if bullish momentum strengthens.
Stop Loss:
Below 2.2900 USDT to mitigate potential losses.
Target Price:
Short Term: 2.6000–2.6300 USDT.
Medium Term: 2.7000–2.7500 USDT upon bullish breakout.
Important Notes:
THE is trading near its key support level, signaling potential accumulation.
Watch for increased trading volume and momentum for signs of trend direction.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.