Technical Analysis of $THE
/USDT🔥💯
Current Price: $1.51
Momentum: Bullish, with a 16.45% gain over the last 24 hours, indicating strong upward movement supported by high trading volume.
Indicators
1. RSI (Relative Strength Index): Likely in the overbought zone (>70), indicating strong buying pressure but a possible correction ahead.
2. Moving Averages (MA): Price trading above both the 20 EMA and 50 EMA, reinforcing an upward trend.
3. Volume: High trading volume confirms the strength of the ongoing price action.
Trade Signal:
Bias: Bullish
Entry Zone: $1.50–$1.52
Stop Loss: Below $1.42 (recent support level)
Target 🎯 Levels:
1. Target 1: $1.58 (minor resistance zone)
2. Target 2: $1.65 (next significant resistance)
3. Target 3: $1.78 (extension of bullish momentum if volume persists)
Trade Momentum:
Positive momentum in short-term; watch for potential consolidation if the price approaches overbought levels. Adjust your strategy based on volume and RSI.