$THE /USDT BULLISH MOMENTUM BUILDING AFTER STRONG BREAKOUT — WILL IT SUSTAIN ABOVE KEY SUPPORT?
Technical Analysis:
$THE /USDT is showing strong bullish momentum, currently trading at $0.2629, with a solid +10.14% gain in the last 24 hours. Price recently tested a high of $0.2671 before a mild pullback, suggesting short-term consolidation after a breakout.
Key Levels:
Immediate Resistance: $0.2670
Major Resistance: $0.2750
Current Price: $0.2629
Immediate Support: $0.2550
Major Support: $0.2450
Holding above $0.2550 indicates strength, with bulls defending this level multiple times on lower timeframes. The volume surge (20.19M THE) further supports this momentum.
Trade Setup (Long):
Entry Zone: $0.2580 – $0.2630
Take Profit Targets:
TP1: $0.2700
TP2: $0.2750
TP3: $0.2850 (if momentum continues)
Stop Loss: $0.2480 (below major support)
Market Outlook:
Overall structure remains bullish on the 15m and 1h charts. Short-term retracements are likely, but as long as THE/USDT stays above $0.2550, bulls remain in control. RSI and MACD are in favor of continued upside, and a breakout above $0.2670 could trigger rapid movement towards $0.2750 and beyond.
Risk Management:
Use 1-2% of your capital per trade. Move SL to entry after TP1 to secure profits. Avoid overleveraging—protect your capital in volatile DeFi markets.
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