THETA bulls and bears compete! The critical point of the market is coming soon
Market analysis:
THETA's current trend has entered the long-short balance range, and short-term fluctuations are gradually narrowing, indicating that the market's expectations for the subsequent direction are gradually heating up. Breaking through the key points may bring a wave of smooth market conditions.
Key points:
• Support level: 2.40, 2.35, 2.30
• Resistance level: 2.45, 2.50, 2.55
Short-term trading strategy:
Buy strategy:
• Opening point: 2.41
• Adding position: 2.37
• Stop loss point: 2.28
• Take profit target: First target 2.45, second target 2.50, third target 2.55
Short strategy:
• Opening point: 2.45
• Adding position: 2.50
• Stop loss point: 2.56
• Take profit target: First target 2.41, second target 2.37, third target 2.30
Personal prediction:
THETA is expected to test the 2.45 pressure level in the short term. If it can effectively break through, it will usher in a new round of rising market. It is recommended to focus on the market reaction in this area.
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