$THE
📊 Bullish Technical Outlook for THE/USDT - Building a Base?
🔍 Current Situation:
Price: $0.2594 (-0.35%)
Zone: Near historical lows
Status: Potential base-building phase
🟢 Positive Signals:
📈 Base Formation - Promising Indicators:
Price holding strong around $0.25 zone for extended period
Failed to break $0.21 support despite heavy selling pressure
Potential double bottom formation in current area
Oversold conditions - most weak hands already shaken out
🎯 Technical Opportunities:
Excellent risk/reward ratio from these levels
Massive upside potential to upper Fibonacci levels
TP1 at $0.43 = Potential 65%+ return
TP2 at $0.66 = Potential 150%+ return
💡 My Personal View:
Why I believe the bottom is near:
Volume showing signs of stabilization
Price consolidation around $0.25 for weeks
Oversold momentum reached extreme levels
Market logic: Coins rarely drop more than 95%
🎯 Suggested Trading Plan:
Gradual Accumulation Strategy:
Entry Zone: $0.25 - $0.30
First Target: $0.43 (TP1)
Second Target: $0.66 (TP2)
Stop Loss: Daily close below $0.21
Risk Management:
Split capital into multiple entries
Never risk more than you can afford to lose
Monitor daily closes carefully
🚀 Preferred Scenario:
Phase 1: Hold above $0.25 support
Phase 2: Break $0.32 (0.618 Fibo)
Phase 3: Target TP levels gradually
📊 Technical Confluence:
Support: $0.25 psychological + historical
Resistance: $0.32 (0.618 Fibo) first hurdle
Pattern: Potential reversal from oversold extremes
Timeframe: Daily chart showing exhaustion
⚠️ Disclaimer:
This is personal technical analysis and NOT financial advice. Markets involve risks and losses are possible. Do your own research and consult professionals before making financial decisions.
Bottom Line: I believe THE is in a historical base-building phase, and the opportunity might be presenting itself for patient traders who practice proper risk management! 🎯
What's your take? Do you share the same bullish perspective from these levels?
#TechnicalAnalysis #THE #CryptoTrading #RiskManagement