Yello, Paradisers! Could this be the moment we've been waiting for the #THETAUSDT? Let's analyze #ThetaToken to see what's happening:
đ#THETA is showing strong signs of a potential bullish continuation from the crucial bullish order block at $1.20. Weâve seen the price maintaining solid momentum above the EMA, which signals that bulls are firmly in control, increasing the probability of an upward push
đFor some time now, THETA has respected a descending resistance. But recently, after breaking above this key level, momentum has been building at the $1.20 support. If the price continues to hold strong here, we could witness a bullish rally beyond the internal resistance at $1.61.
đHowever, don't get complacentâthereâs always the possibility that the momentum weakens. If the bulls fail to defend this key support, we might see a dip down to the lower support around $1.05 before a potential rebound. This would put the entire bullish setup in jeopardy.
đIf thereâs a daily close below the $1.05 support, it could invalidate the bullish outlook, leading to further declines.
Stay focused, patient, and disciplined Paradisers.
MyCryptoParadise
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