🚨🚀 Perfect time to BUY $THE ? Here's a detailed technical and chart analysis 👇.

Consider BUY and HOLD setting a Stop Loss!!

1. Chart Analysis:

Descending Triangle Formation: A bearish chart pattern appears as price is squeezing into the corner of a descending triangle (orange lines). This signals a possible continuation of the downtrend unless a breakout occurs upwards.

Fibonacci Levels: Price is hovering near the 0.0 Fibonacci level at 1.5199 USDT, showing strong support. A break below this could trigger further downside.

Moving Averages:

MA7 (Yellow): 1.7037 → Price is slightly above this short-term moving average, signaling mild support.

MA25 (Pink): 1.7598 → Acting as short-term resistance.

MA99 (Purple): 2.2397 → Price is far below this level, indicating a bearish medium-term trend.

Short-Term Outlook:

Buy if: Price breaks above the descending triangle and MA25 (1.7598 USDT) with high volume. This breakout could push the price to higher Fibonacci levels, such as 2.1559 USDT (0.236 Fib level).

Sell if: Price breaks below 1.5199 USDT support, confirming the downtrend. This could trigger a decline towards 1.40 or lower.

Risk: High volatility near key support levels; false breakouts can happen. Use stop-losses to minimize risk.

Long-Term Outlook:

Trend: Currently bearish. Price is far below the 99-period MA.

Recommendation:

Long-term Buyers: Wait for a confirmed trend reversal above 2.5 USDT or stronger fundamentals supporting THE's growth.

Short-term Traders: Focus on price action at support (1.5199 USDT) and key resistance points (1.75–2.15 USDT).

Verdict:

Short-Term: Neutral to Bearish → Wait for breakout confirmation before buying.

Long-Term: Avoid buying until the trend shows recovery with volume.

Note: Always conduct further research into fundamentals (news, project updates, partnerships) and use proper risk management strategies, including stop-loss orders.