Analysis and Signal for
$THETA /USDT on Binance
Analysis:
Current Price: $2.303 (-15.36%)
24h Range: $2.285 - $2.733
THETA is experiencing a sharp decline, breaking below critical support levels.
Immediate support is observed at $2.285, while resistance is at $2.376. A bounce near the support zone could provide a recovery opportunity.
Trading Signal:
Entry Point: $2.305
Target (TP1): $2.350
Target (TP2): $2.410
Stop Loss (SL): $2.275
Strategy:
Monitor price action around $2.285 for a potential bounce.
Target short-term resistance levels for quick trades.
Use a Stop Loss at $2.275 to manage downside risk.
Disclaimer: Market conditions are highly volatile; trade cautiously and always manage risk.
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