šØ $THE /USDT ALERT: Market Approaching Critical Levels! šØ
The chart for $THE /USDT shows the price currently at 2.3879, reflecting a slight bearish trend with a 1.46% dip. Despite the downtrend, THE is holding above the 24-hour low of 2.1905, signaling consolidation before a possible breakout.
Key Levels to Watch:
Resistance Levels:
1. 2.6250 (24h High) ā Breaking this resistance could ignite a strong bullish momentum, targeting higher levels.
2. 2.9134 ā A further breakout here could pave the way toward significant gains, with bulls regaining full control.
3. 3.5000 ā This level marks a major upward target, aligning with historical price movement zones.
Support Levels:
1. 2.1905 (24h Low) ā A drop below this support could lead to a retest of deeper levels.
2. 1.4403 ā Failure to hold here might trigger a stronger bearish move.
Trade Setup:
Bullish Scenario: If THE/USDT breaks above 2.6250, look for a long entry targeting 2.9134, 3.5000, and potentially beyond. Stop loss can be set at 2.1905.
Bearish Scenario: If THE/USDT drops below 2.1905, expect a decline toward 1.4403. A stop loss at 2.6250 is recommended to manage risk.
ā ļø Note: Volume is declining, suggesting the market awaits a decisive move. Tight risk management is crucial at this stage.