View from the THEUSDT chart today
I’m paying attention to the 0.0677 area of
$THE k while the price is holding steady quite firmly.
On the 1-hour timeframe, trading volume has surged to 2.62x compared to the average, indicating that attention is being focused here. The Relative Strength Index on the 1-hour timeframe is at 71.7, reflecting that upward momentum is still there, but more fluctuations need to be monitored. The long account ratio is in the lead at 1.9922, showing that most of the crew are expecting positively for this up-move.
The market may move quickly when RSI is in the high zone—remember to manage your capital carefully, everyone. 🌊
If buying pressure continues to hold up well, the price could rise to test the resistance zone 0.0695 above.
Conversely, if profit-taking pressure appears, the price could retreat to re-test the nearby support area 0.0677.
#THEUSDT #BinanceSquare