Here's a brief technical analysis for $THETA

/USDT:

Current Price: $2.24

24h Price Change: +1.68%

Technical Analysis:

Support: $2.07 (24h Low)

Resistance: $2.30 (24h High)

Trend: Bullish short-term, given the recent upward movement (+1.68%)

Momentum: Positive, as THETA has been trading above its previous support levels and is currently moving toward resistance.

RSI: Neutral, trending around 50-55, indicating no overbought or oversold condition.

Trade Signal (Long Position):

Entry: $2.24

Target Levels:

T1 (First Target): $2.30 (Resistance level)

T2 (Second Target): $2.35 (next psychological resistance zone)

T3 (Third Target): $2.40 (strong resistance and previous price level)

Stop Loss: $2.14 (Below the recent support)

Momentum Outlook:

Strong momentum upwards with good potential for breaking resistance. Traders should watch for price behavior near resistance levels (especially $2.30) for further confirmation of upward continuation.

Make sure to track key indicators (RSI, volume) to adjust for potential market reversals.

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