Bearish Shift on $THE | Profit Taking Starting?

$THE USDT at 0.569 marked by a decisive rejection at resistance, suggesting a shift in momentum.

Key Signals

Resistance Break: The red candle indicates sellers stepping in aggressively.

RSI Overload: 84.13 on RSI points to an overstretched rally, likely due for a breather.

Market View

A drop could be on the horizon if selling pressure builds. Support around 0.457 is the line to watch.

Risk Management

Place stops above 0.63 to guard against a reversal. Adjust exposure based on early price action.

Disclaimer

Not financial advice. Trade based on your own assessment and risk appetite.

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