THE/USDT – Potential Reversal Setup
📊 Technical Overview

Current Price: $0.3690

Volume: Slight spike, recent rise suggests early accumulation interest

Support: $0.3000

Resistance: $0.3850 (local), $0.4600 (macro)

🧠 Setup Details

Market Structure: Extended downtrend showing early signs of base formation. Rounded bottom forming since April.

Candle Behavior: Small-bodied consolidation candles after a sharp bullish breakout, showing absorption and strength.

📝 Trade Plan

Entry: On breakout above $0.3850

Confirmation Trigger: Daily candle close above $0.3850 with higher-than-average volume

🎯 Targets

TP1: $0.4600

TP2: $0.5700

TP3: $0.7200

🛡️ Stop-Loss

SL: $0.2950 (below recent support & breakout origin)

📌 Signal Summary

Type: Trend reversal breakout

Risk-Reward: ~1:2.5 to 1:4+ (depending on TP level)

Confidence: ⭐⭐⭐☆☆ (early-stage setup; strong R/R, but needs confirmation)