$THE
/USDT technical analysis and trade strategy with three target levels.đ¯
Key Indicators:
Current Price: $2.5425
24h High: $2.6390
24h Low: $2.3637
1. Support Level: $2.36 â The recent low, where buyers previously stepped in.
2. Resistance Level: $2.64 â Recent high and a potential barrier for upward movement.
Trade Strategy đ¯
1. Entry Zone:
Buy Range: Between $2.45 and $2.50
This zone offers a favorable risk-to-reward setup given proximity to support.
2. Stop-Loss:
Stop-Loss Level: $2.35
Below the recent low, limiting potential losses.
đ¯ Target Levels:
1. đ¯ Target 1: $2.64
Matches the 24h high and the immediate resistance level.
Probability: High (Short-term rebound).
2. đ¯ Target 2: $2.75
A psychological resistance level slightly above the recent high.
Probability: Medium (If momentum continues).
3. đ¯ Target 3: $2.90
A potential breakout target if bulls take control.
Probability: Lower (Dependent on strong volume and market sentiment).
Summary:
Entry: $2.45â$2.50
Stop-Loss: $2.35
Targets: $2.64, $2.75, $2.90
#BURNGMT