$THE /USDT – Bearish Pressure Building!
Momentum Analysis:
THE/USDT has seen a notable decline, dropping by 7.21% in the last 24 hours. The price is currently testing lower levels, but with volume supporting the move, further downside potential may unfold.
Breakout Status:
THE has broken below key support at $0.38, suggesting further weakness toward $0.3764. Traders should monitor for a potential retest of this level before considering long positions.
Short Setup:
Entry Zone: $0.3812
Targets: T1 – $0.3764, T2 – $0.3748
Stop Loss: $0.3882 (Key Resistance)
Breakout Confirmation Level:
Key resistance lies at $0.3882. A failure to reclaim this level could signal more bearish movement.
Pro Tip for Traders:
If the price fails to break above $0.3882, the bearish trend may continue. Watch for volume spikes as confirmation.
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