THE/USDT Technical Analysis: Trading signal and Targets ๐
Current Price: $1.1559 (-12.26%)
Key Trading Levels
Buy Targets:
1. $1.14
2. $1.10
3. $1.05
Sell Targets:
1. $1.20
2. $1.25
3. $1.30
Stop Loss: $1.10
Take Profit: $1.30
Support & Resistance Zones
Resistance Levels: $1.20, $1.25, $1.30
Support Levels: $1.14, $1.10, $1.05
Technical Indicators
24h High: $1.3427
24h Low: $1.1333
Volume: 24h Vol (THE): 27.59M | 24h Vol (USDT): $33.77M
Market Sentiment
Volume Analysis: Increased trading volume indicates volatility and price movement potential.
Price Action: The price has dropped significantly but is showing signs of potential stabilization.
Depth Info
Order Book Depth: Buying interest near $1.14; selling pressure around $1.20 and $1.25.
Trade Setup & Strategy
Bullish Scenario: A break above $1.20 could push the price toward $1.25 and $1.30.
Bearish Scenario: If the price falls below $1.14, expect potential declines toward $1.10 or lower.
๐น Manage risk wisely and apply stop loss protection.
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