Trading Signals for
$THE Bullish Trade Setup
Action: Long Entry
Entry Price Range: $1.63 - $1.68
Take Profit (TP):
TP1: $1.75
TP2: $1.85
TP3: $2.05
Stop Loss (SL): $1.58
Dollar Cost Average (DCA): DCA at $1.60 if price dips further.
Bearish Trade Setup
Action: Short Entry
Entry Price Range: $1.72 - $1.78
Take Profit (TP):
TP1: $1.66
TP2: $1.60
TP3: $1.50
Stop Loss (SL): $1.83
Dollar Cost Average (DCA): DCA at $1.80 if price spikes up.
š¼ Spot Trader: Click Here š
$THE š„ Futures Trader: Click Here š (Don't overleverage futures trades unless you're a pro (max 2x-5x). Greed is a losing strategy.)
šØ Note: Trade at your own risk; this signal is not guaranteed. DYOR.
Extra Tip: If the price moves against you, hold your position for a few days ā the market often bounces back, and you can still turn a profit.
THENA (THE) has shown significant growth over the past three months, rallying nearly 977% over 90 days. However, recent market behavior suggests overbought conditions, with a -9.48% dip in the last 24 hours and a 34.61% decline over the past week.
Key Support Levels: $1.63, $1.60
Key Resistance Levels: $1.75, $1.85
The current trend appears corrective, possibly consolidating after a massive rally. Volatility remains high, as indicated by a 24-hour trading volume of $46.21M.
Expect short-term fluctuations as traders take profits. Longer-term traders should monitor the $1.60 level as a pivot point for potential bullish recovery.
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