🔷 Updated THE/USDT Futures Analysis 🔷

(Current Price: $1.3345)

🟩 Market Position: SHORT (Confidence: 82%)

♻️ Recommended Leverage: 8x

👉 Entry Zone: $1.3340 - $1.3370

🎯 Targets:

• T1: $1.3200 (-1.09%)

• T2: $1.3000 (-2.59%)

• T3: $1.2800 (-4.09%)

• T4: $1.2500 (-6.33%)

⛔ Stop Loss: $1.3420

IF STOP LOSS TRIGGERS:

🔄 Reversal Strategy:

• New Entry: $1.3450

• New Targets:

• T1: $1.3550 (+0.75%)

• T2: $1.3700 (+2.66%)

• T3: $1.3900 (+4.15%)

• New Stop Loss: $1.3300

Key Technical Points:

1. RSI (Relative Strength Index): Overbought conditions near 70, indicating strong potential for a downside correction.

2. Volume Analysis: Declining buy-side volume suggests weakening bullish momentum.

3. MACD (Moving Average Convergence Divergence): Showing bearish divergence, signaling an incoming price reversal.

4. Pivot Points: Price rejected at a significant resistance level ($1.3400), confirming bearish bias in the short term.

Support & Resistance Levels:

• Support: $1.3200, $1.3000

• Resistance: $1.3400, $1.3550

Market Outlook:

• Price action suggests a near-term correction after failing to break above key resistance. The $1.3200 support is the first key level to watch, with further downside possible if this is broken.

• Traders should exercise caution around $1.3000, as this is a strong support zone where a reversal could occur.

⚠️ Risk Management Reminder: Stick to your stop-loss levels and adjust leverage accordingly to minimize risk.

Happy Trading! 🚀

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