#THE The chart shows a downward trend, confirmed by the position of the EMA. The price is now $2.49, down 11.67%. The MACD indicates a weak attempt at a reversal. The nearest support is at $2.3593, resistance is around $2.53 (EMA25). It is better to wait for confirmation of the reversal before entering.

hold on, and if finances allow, dilute the cost with a purchase at this price

#THE On the 4-hour chart, the situation looks like this:

1. EMA (7 and 25):

EMA(7) (yellow) and EMA(25) (pink) are clearly trending down, indicating a continuation of the bearish trend.

The price remains below both EMAs, confirming the weakness of buyers.

2. Support and resistance:

Support: $2.40 — a local minimum that has already been tested. If it is broken, the price may drop to $2.30 or even lower.

Resistance: $2.60-$2.65 — a zone where EMA(25) is located, acting as an obstacle to growth.

3. MACD:

The histogram shows an increase in negative values, confirming the strengthening of selling pressure.

4. Volumes:

Volumes remain relatively low, indicating a lack of strong buyers.
Conclusion:

The likelihood of a continued decline is higher, especially if the price consolidates below $2.40.

A short-term rebound is only possible with an increase in volumes and a breakout at $2.50.

Recommendations:
For selling: enter on a breakout at $2.40 with a target around $2.30 (with a short stop).

For buying: wait for a confident breakout and consolidation above $2.50 with a target of $2.60-$2.65.

If the balance is limited, it is better to wait for a clear signal to minimize risk.

#THE The provided chart shows:

1. Strong price drop: A key moment is the long red candle that led to a sharp decrease in price to the level of $2.4163. This indicates strong selling pressure.

2. Attempt of recovery: After the drop, green candles appeared, showing some activity from buyers, but the price is still in the low value zone and has not been able to overcome resistance (approximately $2.58).

3. EMA indicators (7, 25, 99): The moving averages show a downward trend, as the EMA lines are positioned one below the other and are directed downwards.

4. MACD: The histogram shows a weakening bearish momentum (red bars are getting smaller). This may be an early signal for a price correction upwards.

5. Volumes: Trading volume was significant during the drop, confirming the strength of the movement.

What this predicts:

If the price breaks the $2.58 level and holds above, it may signal the beginning of a correction or trend reversal.

If the price cannot rise above the current level, a continuation of the downward trend to the next support ($2.41 or lower) is likely $THE

haircut 💇‍♂️

long positions will be cut and it will go up, as it was at the beginning, only then there was growth and short positions were cut

#THE
THE shows a rapid decline. It was also the case when it appeared on the platform, only then the price went up quickly. I think it's worth buying a little.

Tokenomics and project updates: Today, large volumes of tokens have been unlocked, such as Sui (64.2 million tokens) and ZetaChain (53.89 million tokens), which may affect their market activity. Additionally, the MultiversX platform has begun launching strategic products using AI

Take care of your finances 😊😉

#Binance
By the end of 2024, Binance Exchange plans to remove the following tokens from the platform:

1. Gifto (GFT)

2. IRISnet (IRIS)

3. SelfKey (KEY)

4. OAX (OAX)

5. Ren (REN)

Key dates:

Trading of these tokens will be completed on December 10, 2024.

Deposits will cease on December 11, 2024.

Withdrawal of tokens will become impossible after February 12, 2025.

The reason for removal is non-compliance with Binance standards, such as insufficient liquidity, low trading volume, and limited project development. Users are advised to withdraw their assets or close positions by the specified deadlines.
$GFT $IRIS $KEY

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