technical analysis and trade signal for $THE /USDT 🎯🚀🔥💯💯🚀

Current Price: 1.7030 USDT

24h High: 1.7217 USDT

24h Low: 1.6356 USDT

Key Observations:

The price has shown a minor upward movement of +0.54% in the last 24 hours, suggesting slight bullish momentum.

However, the 1-hour chart shows a decrease of -2.0846%, indicating some bearish pressure in the short term.

The price is currently near the 24h high, which can act as resistance, suggesting possible retracement or consolidation.

Trade Setup

1. Entry Point (Buy):

Enter at 1.7000 USDT or near current price.

If the price drops to around 1.6356 (24h low), consider a buy with a tighter stop-loss.

2. Stop-Loss:

Set stop-loss just below 1.6350 (around 1.6320 to 1.6350), to protect against further downside movement.

Target Levels 🎯

Target 1: 1.7250 — A level near the recent high, where you can take partial profits.

Target 2: 1.7400 — A more optimistic target if the momentum continues to push upwards.

Target 3: 1.7600 — A higher resistance level to aim for if the bullish momentum persists.

Trade Momentum

Short-term (1h): Bearish, as the price has dropped by more than 2% in the last hour. Watch for a potential reversal at the 1.7000 support level.

Medium-term (4h): Neutral to slightly bullish. If the price breaks above the 1.7250 resistance, there could be further upward movement.

Long-term (1D): Bullish, with the price trading close to recent highs, indicating a possible continuation of the upward trend if bullish momentum holds.

Risk Management

Set a tight stop-loss to avoid large losses if the market moves against you.

Consider scaling in or out of your position as the price moves toward each target level.

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