$THE /USDT Technical Analysis 🚀

Current Price: $1.3924

Recent Performance: Extremely volatile, with a 24h high of $1.7200 and a low of $0.1682.

Indicators Analysis:

1. Support and Resistance Levels:

Immediate Support: $1.10

Key Resistance Levels: $1.50, $1.72

2. Moving Averages (MA):

15-min MA: Trending upward, indicating short-term bullishness.

4-hour MA: Indicates price consolidation.

3. Bollinger Bands:

Wide bands suggest heightened volatility.

Price is near the upper band, signaling potential overbought conditions.

4. Relative Strength Index (RSI):

RSI around 65 indicates moderate strength but nearing overbought.

5. Parabolic SAR:

Dots below the price on lower timeframes indicate bullish momentum.

Trade Signals

Momentum: Short-term bullish with high risk of reversals due to extreme volatility.

Long Trade Plan:

Entry Point: Around $1.30–$1.35

Stop Loss: Below $1.10 (to minimize risk due to volatility).

Target Levels 🎯:

1. Target 1: $1.50 (short-term resistance)

2. Target 2: $1.65 (near previous peak)

3. Target 3: $1.72 (24h high, key breakout level)

Short Trade Plan (if momentum reverses):

Entry Point: Below $1.10 (upon breakdown confirmation).

Stop Loss: Above $1.25.

Targets:

$0.95

$0.80

Note: Closely monitor volume and momentum indicators. Set alerts for $1.50 (resistance breakout) and $1.10 (support breakdown). High volatility implies rapid shifts in momentum, so approach with caution.