$THE Analysis
$THE is currently trading at $1.5561, showing a 10.16% decline in the past 24 hours. The price is testing a key support level after a significant pullback from its recent high of $1.7830, indicating potential for either a bounce or a continuation of the downtrend.
š Key Levels to Watch:
Resistance: $1.6000 ā Potential upward targets: $1.6500, $1.7000.
Support: $1.5500 ā Potential downward targets: $1.5000, $1.4500.
š Trade Setup:
Long Entry: Above $1.6000 with targets at $1.6500 and $1.7000.
Short Entry: Below $1.5500 with targets at $1.5000 and $1.4500.
ā ļø Stop-loss:
Long: Below $1.5500.
Short: Above $1.6000.
With $THE near a critical level, traders should watch for a breakout or breakdown for directional confirmation. Tight risk management is advised.
#CryptoTrading #THE #SolvProtocolMegadrop #JanuaryTokenUnlocks #GMTBurnVote
