THETA: Consolidation and Accumulation, Rebound or Further Decline?
The market is at a standstill; can the bulls turn the tide?
Three key levels reveal the breakout direction, take a quick look!
Market Analysis
THETA is currently in a period of volatile adjustment, with prices fluctuating within a narrow range. Market trading volume has decreased, and there is a strong wait-and-see sentiment. Short-term moving averages are weak, with limited rebound strength, but key support is still playing a role, and the overall trend awaits external driving forces.
Key Support and Resistance Levels
• Support Levels: $2.15, $2.10, $2.05
• Resistance Levels: $2.25, $2.30, $2.40
Short-term Trading Strategy
1. Long Position Plan
• Entry Point: $2.18
• Add Position Point: $2.15
• Stop Loss Point: $2.05
• Take Profit Targets: $2.25, $2.30, $2.40
2. Short Position Plan
• Entry Point: $2.25
• Add Position Point: $2.30
• Stop Loss Point: $2.40
• Take Profit Targets: $2.18, $2.15, $2.10
My Prediction
Based on the current market situation, THETA has a chance for a short-term rebound. It is recommended to prioritize long position strategies, paying close attention to the stability of the support level at $2.15.
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