$THE
I will analyze THEUSDT:
1. Current status analysis:
- Current price: $3.0020 (-15.63%)
- Strong decline from the peak of $3.5588
- RSI(6): 39.98 - has entered the oversold zone
- MACD is negative and continues to decrease
- Trading volume is at a high level
2. Negative signals:
- Strong and clear downtrend
- Breakdown of key MA lines
- MACD gives a strong bearish signal
- Selling volume is higher than buying
- OBV decreases sharply
3. Positive signals:
- RSI is near the oversold zone, a technical rebound may occur
- Price is testing the psychological level of $3.00
- Increased trading volume indicates interest
4. Trading scenario:
DO NOT RECOMMEND LONG at this time because:
- The downtrend is too strong
- No reversal signals yet
- Risks remain high
If you want to SHORT:
- Entry: Technical rebound at $3.10-3.15
- SL: $3.25 (+4.8%)
- TP1: $2.90 (-6.5%)
- TP2: $2.80 (-9.7%)
- Need to wait:
+ Weak rebound candle
+ RSI tests back to 45-50
+ Volume decreases during the rebound
5. Risk management:
- Do not catch the bottom at this level
- If shorting, need to size small
- Set tight SL
- Monitor volume and technical signals
6. Important price levels:
- Resistance: $3.15
- Support: $3.00, $2.90
- Psychological: $3.00
Recommendation: It is best to stand aside and observe. Wait for a clear reversal signal or a safer short opportunity.