$THE /USDT: Momentum Alert – Next Moves Incoming
Current Price: $1.3895 (+4.75%)
24H High/Low: $1.4762 / $1.2150
24H Volume: 23.84M $THE
Price Targets:
1. Short-Term Target: $1.4500
2. Mid-Term Target: $1.5000
3. Extended Target: $1.6000
Analysis:
Support Level: $1.3500 is holding strong, providing a solid base for further upside.
Resistance Levels: $1.4500 is the immediate resistance, followed by $1.5000 for confirmation of a bullish breakout.
Trend: Bullish momentum is gaining strength, fueled by increased buying pressure at lower levels.
Strategy:
Entry Point: Consider entries near $1.3800 with a stop-loss at $1.3400 to minimize downside risk.
Profit Booking: Scale out at $1.4500 and $1.5000, while holding for a possible $1.6000 breakout in case of sustained momentum.
Insights:
$THE /USDT has shown impressive recovery and bullish moves, indicating potential for further gains. Maintain caution near resistance levels and watch volume closely for confirmation.