🚀 $THE
/USDT Technical Analysis 🚀
📉 The market has been experiencing some volatility with a recent drop of -3.92% over the past 24 hours, but a slight bounce back of +10.49% in the last hour shows potential for a recovery. Let’s dive into the key levels and potential targets.
🔍 Key Levels to Watch:
Support: The $3.17 mark has been holding strong as a key level of support. A further drop below this could trigger a deeper pullback.
Resistance: We’re currently eyeing the $3.1755 level for resistance. If the price breaks above, we may see a bullish continuation.
🎯 Targets to Watch:
1. Target 1: $3.25 – A slight uptick could push the price towards this resistance. Watch for a break above it to confirm bullish momentum.
2. Target 2: $3.40 – If momentum continues, $3.40 could be the next significant resistance. A solid break above could open doors for further gains.
3. Target 3: $3.50 – The ultimate target for a bullish rally! Watch this level closely for any signs of exhaustion.
💡 Trade Setup: Consider watching for a pullback to the $3.17-$3.18 range for potential entry, targeting the $3.25-$3.40 zone as your take-profit points. Always manage risk accordingly with stop-loss levels below $3.10.
📊 Keep an eye on the volume: Currently, we see a strong trading volume with 979.75M USDT in the last 24 hours, indicating a high level of activity. This could signal that the price might break key levels soon.