$THE

/USDT: Exploring Possible Buy Zone After Recent Decline๐Ÿ“ˆ๐Ÿ“Š๐Ÿ”ฅ

Current Price: $1.4787

24h Change: -5.91%

24h Range: $1.4323 - $1.6499

24h Volume: 15.16M THE / 23.36M USDT

Technical Snapshot ๐Ÿ“Š

1. Trend:

Bearish, with a significant pullback of -5.91% after reaching $1.6499.

Price is showing some signs of stabilization near $1.4787, suggesting potential for a bounce if key support holds.

2. Key Support:

$1.4323 (recent low, crucial support level)

$1.40 (stronger support area for reversal)

3. Key Resistance:

$1.50 (immediate resistance)

$1.60 (previous high, extended resistance)

4. Indicators:

RSI: 37 (Oversold territory, potential for reversal)

MACD: Bearish but starting to flatten, signaling a possible reversal if bullish momentum kicks in.

Volume: Increasing volume on the decline, suggesting the selling pressure is strong, but a reversal may come soon.

Trade Strategy ๐ŸŽฏ

Entry Zone: $1.45 - $1.47 (Look for confirmation of support at this level)

Stop-Loss: $1.40 (Protect against further downside)

Target Levels ๐Ÿš€

1. ๐ŸŽฏ Target 1: $1.50 โ€“ Immediate resistance and key level to break for continuation

2. ๐ŸŽฏ Target 2: $1.55 โ€“ Intermediate resistance

3. ๐ŸŽฏ Target 3: $1.60 โ€“ Extended target for a full recovery

Trade Tip:

If price holds above $1.45 and begins to show bullish reversal signs, consider entering long positions. A break above $1.50 could confirm a shift in trend to the upside.

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