Does the Theta pullback indicate a reversal?
Interpretation of key support and resistance levels!
Seize volatility opportunities and optimize short-term layouts!
Market Analysis
Theta is currently experiencing a pullback, and the overall trend is weak. However, as the market adjustment approaches key support areas, there may be a technical rebound in the short term. It is essential to pay attention to the strength of the rebound and changes in trading volume, and to confirm the direction before taking action.
Support and Resistance
• Support levels: $2.100, $2.050, $2.000
• Resistance levels: $2.250, $2.300, $2.400
Short-term Trading Strategy
1. Long Position Plan
• Entry: $2.100
• Add Position: $2.050
• Stop Loss: Below $2.000
• Take Profit: $2.250, $2.300, $2.400
2. Short Position Plan
• Entry: $2.250
• Add Position: $2.300
• Stop Loss: Above $2.400
• Take Profit: $2.100, $2.050, $2.000
My Prediction
Prices may rebound in the short term, but there is still a risk of a downward move towards support in the medium term, so caution is advised for bearish positions.
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