Thena (THE) Trade Insights: Short or Long? 📉📈
Thena (THE) has been moving in a narrow range, currently priced at $0.4061. So, what’s the next move in the market? Let’s break down the short and long trade options!
🔑 Short Trade Setup:
Target Resistance: If Thena breaks the $0.45 level, we may see a pullback. This is a key resistance point to consider for a short position.
Potential Downside: A move towards $0.35 could offer a solid entry for a short.
Long Trade Setup:
Support Level: Thena seems to be holding steady around $0.35. If the price drops below this level, it could offer a buying opportunity.
Target Levels: A breakout above $0.45 could send Thena towards $0.50 and beyond.
🧐 What’s Your Strategy?
Buy if you see a potential breakout above $0.45.
Sell if the resistance at $0.45 holds and a dip towards $0.35 seems likely.
Hold if you’re waiting for more confirmation before taking action.
The market is looking poised for movement — how do you plan to trade Thena today? Let’s discuss your strategy! 💬