THE/USDT — A DeFi currency shining in the red market 🔥📈
A huge jump +14.19% today — A DeFi currency stands out in a sea of decline! Is this a continuation or just a speculative rise?
Reading the chart:
Price: 0.2382$ — trading close to the 60-day moving average at 0.2395 (important test).
Volume: 742 only against an average of 13.5 thousand for the last 5 days — a rise with weak volume 🚩 danger!
Resistance area: 0.2395–0.2420 (MA60 + previous peaks).
Important levels:
Immediate resistance: 0.2395 (MA60) — if broken, the next target is $0.2450.
Support: 0.2360 → 0.2320 (must hold to maintain the bullish structure).
If MA60 breaks with strong volume → could head towards 0.2500+.
Trading plan — high risk / potential gains:
Buy only if MA60 breaks with trading volume above 5 thousand+.
Stop loss: 0.2320
First target: 0.2450
Second target: 0.2500 (psychological barrier)
Warning signals:
Rise with weak volume — indicates lack of conviction.
Still in decline 41.91% over 180 days — general trend is down.
This could be a bullish trap before a new wave of decline.
Summary:
The rise seems suspicious without supporting volume. Wait for confirmation above MA60 with strong volume before entering.
#THE #DeFi #صعود_ضعيف_الحجم #فخ_صعودي #BukhariTech