THETA market sentiment continues to be depressed, beware of further correction
Market analysis
The current trend is slightly weak. After the bulls failed to attack, the market returned to a volatile downward trend. In the short term, the bears have the upper hand.
Support and resistance levels
• Support levels: 2.150, 2.100, 2.050
• Resistance levels: 2.250, 2.300, 2.350
Short-term trading strategy
Long strategy (bullish):
• Opening point: 2.160
• Adding position: 2.100
• Stop loss point: 2.040
• Take profit target: 2.250, 2.300, 2.350
Short strategy (bearish):
• Opening point: 2.250
• Adding position: 2.300
• Stop loss point: 2.360
• Profit target: 2.150, 2.100, 2.050
My prediction
The short-term market may continue to be under pressure. It is recommended to go short with the trend, and the target is to focus on the support level of 2.100.
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