$THE /USDT – SHORT-TERM BEARISH WITH POTENTIAL BOUNCE

Current Price: 0.3895 USDT

24h High / Low: 0.4193 / 0.3832

24h Volume: 5.00M THE / 1.99M USDT

Key Levels:

Support: 0.3830 – 0.3840 (recent swing low)

Resistance: 0.3920 – 0.3930 (short-term supply)

Major Resistance: 0.4000

Trade Setup:

Long Entry: 0.3840 – 0.3850 (if support holds with buying confirmation)

Take Profit: 0.3920 – 0.3930

Stop Loss: 0.3815 (below support)

Short Entry: 0.3920 – 0.3930 (if resistance holds)

Target Short: 0.3850 – 0.3840

Stop Loss: 0.3950 (above resistance)

Technical Outlook:

Price is down ~6.5% from the 24h high, showing bearish momentum

RSI may be approaching oversold levels, indicating potential for a short-term bounce

Volume is moderate; watch for a spike as confirmation of trend continuation or reversal

Price is consolidating in a tight range—scalping opportunities possible

Risk Management:

Keep position sizes small (1–2% of total portfolio)

Confirm entries with candlestick patterns at support/resistance

Avoid entering during sharp dips without confirmation

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