$THE Analysis

$THE is currently trading at $1.5561, showing a 10.16% decline in the past 24 hours. The price is testing a key support level after a significant pullback from its recent high of $1.7830, indicating potential for either a bounce or a continuation of the downtrend.

🔑 Key Levels to Watch:

Resistance: $1.6000 – Potential upward targets: $1.6500, $1.7000.

Support: $1.5500 – Potential downward targets: $1.5000, $1.4500.

📈 Trade Setup:

Long Entry: Above $1.6000 with targets at $1.6500 and $1.7000.

Short Entry: Below $1.5500 with targets at $1.5000 and $1.4500.

⚠️ Stop-loss:

Long: Below $1.5500.

Short: Above $1.6000.

With $THE near a critical level, traders should watch for a breakout or breakdown for directional confirmation. Tight risk management is advised.

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