๐ $THE /USDT Technical Analysis Update ๐
๐ Price Action Overview:
Current Price: 1.1897
24h High: 1.3571
24h Low: 1.1639
Recent Price Change: -9.43%
๐ Key Levels to Watch:
1. Support Level: 1.1639
This level has held strong as support during the recent downtrend. A bounce from here could signal a potential reversal, making it a key level for buyers to keep an eye on.
2. Resistance Level 1: 1.2500
A crucial resistance where price has faced rejection in the past. Breaking above this could indicate further upside potential, targeting the next resistance level.
3. Target Level 2: 1.3571
If the bulls break through resistance and momentum builds, the next logical target is the 24h high of 1.3571, which could set up a strong bullish rally.
๐ Trading Strategy:
Watch for price action around the support and resistance levels. If THE holds at 1.1639, a possible buy signal could appear, targeting 1.2500, with further gains up to 1.3571.
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