$THE /USDT Trading Signal - Bearish Pressure at Key Support

Current Price: $1.2701

24H Range: $1.2603 - $1.5511

Analysis:

THE has seen a significant sell-off, dropping nearly 18% in the last 24 hours. The price is testing a key support zone near $1.2500, with EMA(7) at $1.2845 acting as immediate resistance. EMA(25) at $1.3676 and EMA(99) at $1.4892 indicate that the trend remains bearish.

Potential Setup:

Entry Zone: $1.2600 - $1.2800

Targets:

Target 1: $1.3200

Target 2: $1.3700

Target 3: $1.4200

Stop Loss: $1.2200

Observation:

The support at $1.2500 needs to hold to avoid further declines. A recovery above $1.2800 could lead to a test of EMA(25) at $1.3700, providing a potential short-term trading opportunity.

Actionable Advice:

Monitor for stabilization above $1.2600 before entering.

Secure profits incrementally at each target and trail stop-loss levels to protect gains.

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