šŸšØ Trading Signal Alert for THE/USDT šŸšØ

Time Frame: 4-Hour Chart

Current Price: $1.2197 (-3.03%)

Resistance Levels:

R1: $1.2677 (MA25)

R2: $1.2990 (24h High)

Support Levels:

S1: $1.1623 (24h Low)

S2: $1.0623 (Recent Swing Low)

Trend Overview:

THE/USDT is currently in a downtrend below the 7-MA ($1.2230) and 25-MA ($1.2677), indicating bearish pressure. Despite an attempt to stabilize above the $1.20 level, further downside may occur if the price fails to break through resistance.

Trade Setup

Entry Zone: $1.22ā€“$1.24

Take-Profit Targets:

TP1: $1.26

TP2: $1.30

TP3: $1.35

Stop Loss: $1.16

āš ļø Caution: Watch for price stability around $1.22. A break above $1.27 may signal bullish momentum, while a fall below $1.16 could trigger additional downside. Trade responsibly!

#CryptoTrading #BTCNextMove BinanceSignal #Altcoins #TechnicalAnalysis #DeFi