it will rise up to 4.1 ?

$THE

/USDT Technical Analysis and Trade Signals 🚀 🎯

1. Trend Analysis:
Currently, THE/USDT is in a downtrend, with the price moving below the middle Bollinger Band (2.4834) and approaching the lower band (2.4353). The Parabolic SAR is above the current price (2.4844), signaling a bearish momentum. The price has dropped significantly in the past few hours, suggesting further downside potential if bearish sentiment continues.

2. Support and Resistance Levels:

Support: The most recent low of 2.4100 forms the immediate support. If the price drops further, the next support could be around the lower Bollinger Band at 2.4353.

Resistance: The upper Bollinger Band (2.5316) serves as the immediate resistance. A significant move above this level could indicate a shift toward bullish momentum.

Trade Strategy with Three Target Keys 🎯:

Target 1 (Short-term Bearish Trade):

Entry: Consider entering at current price levels near 2.4599 or on a pullback towards 2.4800 (near the middle Bollinger Band).

Target: 2.4100, which aligns with recent lows and serves as a short-term support level.

Stop Loss: Place a stop loss around 2.5000 to protect against an unexpected bullish reversal.

Target 2 (Medium-term Bearish Trade):

Entry: Wait for a break below 2.4100, confirming a continuation of the downtrend.

Target: 2.3800-2.3900, a potential continuation zone after a sustained drop.

Stop Loss: Place the stop loss around 2.4700, above the upper Bollinger Band and SAR value.

Target 3 (Potential Reversal to Bullish Trade):

Entry: If the price shows signs of reversal near 2.4353 (lower Bollinger Band), consider entering a long position.

Target: 2.4800-2.5000, aiming for a test of the middle Bollinger Band and SAR level.

Stop Loss: Set the stop loss just below 2.4300 to minimize risk if the reversal does not materialize.

#XRPTrends