šØ ALERT: $THE Approaching Key Levels ā Big Move Expected! šØ
$THE is currently trading at $2.4302, showcasing signs of potential movement as it hovers near a critical zone. The 30-minute chart suggests a consolidation after a recent drop, with momentum building for the next directional move.
š” Critical Levels to Watch:
š Resistance Levels:
1. $2.6000 ā Immediate resistance. A breakout above this could trigger a rally toward the next targets.
2. $2.7500 ā Secondary resistance and a strong barrier for further bullish momentum.
3. $2.8800 ā The 24-hour high. Breaking this level may lead to a surge beyond $3.
š Support Levels:
1. $2.4000 ā Immediate support. Holding this is crucial to maintain upward pressure.
2. $2.3200 ā The 24-hour low. Losing this level could signal further downside.
š¬ Analysis:
A break above $2.6000 could invite fresh buyers, aiming for $2.7500 and potentially $2.8800. Conversely, failure to hold $2.4000 may lead to testing $2.3200, signaling increased bearish momentum.
š Trade Setup:
Long Entry: Above $2.6000, with targets at $2.7500, $2.8800, and beyond.
Short Entry: Below $2.4000, aiming for $2.3200 or lower.
Stop Loss: Tight SL around $2.3800 for both directions to manage risk effectively.
Stay vigilant as THE edges closer to a decisive move!