Bullish Setup for Price $THE /USDT - the price is retesting support after a sharp rise, preparing for the next upward move!
The price of $THE rose to $0.3329, but faced resistance and pulled back to the $0.3180-$0.3200 area, where it is now consolidating near a key support level. This correction after a strong move is healthy, and the current structure indicates that the bulls are preparing for another upward move if support holds.
Trading Setup (Buy):
Entry Area: $0.3180-$0.3205
Take Profit: $0.3300 / $0.3385
Stop Loss: $0.3135
Market Outlook:
The price is holding above the last consolidation breakout area and shows signs of slowing bearish momentum. If buyers step in from here, we may see a strong rebound towards the highs.
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Don't miss this upward wave - enter wisely and harness the momentum! Trade $THE