$THETA
#THETA /USDT is currently experiencing strong bullish momentum, supported by higher EMAs and solid volume. The price is testing key resistance at $2.204, and a successful breakout could lead to further gains. If the price fails to hold above $2.134, a pullback toward support levels is likely. Keep an eye on the breakout levels for potential trade entries.💥
Potential Scenarios🔥
1. Bullish Continuation:
A breakout above $2.204 could push the price to $2.217 and possibly higher, indicating a strong continuation of the uptrend.
2. Bearish Reversal:
A drop below $2.134 could signal a pullback toward $2.081 or $1.991, where buyers might re-enter the market
Support and Resistance Levels💯
Immediate Resistance:
$2.204 (24h high).
$2.217 (depth resistance).
Immediate Support:
$2.134
$2.081
Trading Strategy:
For Bulls:
Entry: Above $2.204 (breakout confirmation).
Targets: $2.217 and $2.25.
Stop-loss: Below $2.134
For Bears:
Entry: Below $2.134 (pullback confirmation).
Targets: $2.081 and $1.991.
Stop-loss: Above $2.204.