📉$THE THE/USDT Market Update 📉
Current Price: $1.5004 (-6.29%)
The THE/USDT pair has witnessed bearish pressure, testing key support zones as it approaches a potential reversal area. Volatility remains high, with a drop below $1.50 being closely monitored.
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Key Levels
24H High: $1.6652
24H Low: $1.4688
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Support & Resistance
1. Support Levels:
$1.4800 (immediate support)
$1.4500 (major support)
2. Resistance Levels:
$1.5300 (short-term resistance)
$1.6000 (major resistance)
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Indicators
MACD: Indicates strong bearish momentum with widening divergence.
Volume: Significant selling activity with lower buy-side interest.
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Trading Strategy
Bearish Play:
Entry: Short below $1.4800.
Targets: $1.4500 and $1.4200.
Stop Loss: Above $1.5200.
Bullish Recovery:
Entry: Long above $1.5300.
Targets: $1.5800 and $1.6000.
Stop Loss: Below $1.4800.
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Market Sentiment
Bearish momentum dominates the market,
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