$THE
/USDT Steady Dip Move Confirm šÆ š„ šÆ
Market Insight:
$THE has dropped 11.48% in the past 24 hours, with a high of 1.6175 and a low of 1.4183. The price is near its 24h low, indicating potential for a bounce or further continuation of the downtrend. Trading volume is significant, with 22.24M THE and 33.76M USDT traded, showing active market interest.
Entry Point:
š¹ 1.4200 - 1.4300 USDT
Consider entering near the current price or slightly lower to take advantage of a potential short-term bounce.
Targets:
šÆ Target 1: 1.5000 - 1.5200 USDT
Look for a recovery towards the first resistance level.
šÆ Target 2: 1.6000 - 1.6175 USDT
If the bullish momentum strengthens, aim for the 24h high zone.
Exit Plan:
šŖ Exit 1: 1.5000 - 1.5200 USDT
Secure partial profits as the price tests initial resistance.
šŖ Exit 2: 1.6000 - 1.6175 USDT
Trail your stop-loss and exit fully near the 24h high, if the price continues to rise.
Stop-Loss:
ā ļø 1.4000 - 1.4100 USDT
Set a stop below 1.4100 to protect against further downside risk.
š Risk/Reward:
Aim for a 2:1 ratio, ensuring that the potential reward justifies the risk.
Monitor price action and market sentiment closely for signs of a potential reversal! šš° #Crypto
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