๐จ $THE ON THE EDGE: MASSIVE BREAKOUT OR CRITICAL COLLAPSE? ๐จ
$THE is trading at $3.48, consolidating after a parabolic rally of over 1972% in 24 hours. The market is at a turning point, with critical support and resistance levels dictating the next move.
Key Levels to Watch:
โข Resistance: $3.86 โ A breakout could ignite a bullish surge toward $4.20 and $4.50.
โข Support: $3.30 โ Losing this level may trigger a bearish drop to $3.00 and $2.75.
Entry Strategy:
โข Long Entry: Enter above $3.50, targeting $3.86, $4.20, and $4.50. Stop loss: $3.30.
โข Short Entry: Enter below $3.30, aiming for $3.00, $2.75, and $2.50. Stop loss: $3.60.
๐ Market Outlook: The chart suggests a bullish continuation if $THE clears $3.86 with strong volume, but failure to hold $3.30 could flip the trend bearish. Stay vigilant, and trade with tight risk management!
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