$THETA

/USDT Technical Analysis and Trade Signals 🚀 🎯

Current Price: $2.31 (+16.85%)

Bollinger Bands (20, 2):

Upper Band (UP): $2.297

Middle Band (MB): $2.214

Lower Band (DN): $2.130

The price is above the upper Bollinger Band, signaling strong bullish momentum but also a potential overbought condition.

Parabolic SAR (0.02, 0.2):

Current Value: $2.212

The price is above the SAR, confirming a bullish trend.

Momentum Indicators:

24h High/Low: $2.316 / $1.960

Volume:

THETA: 13.56M

USDT: 29.08M

Significant volume aligns with the upward price movement, supporting bullish momentum.

Resistance Levels:

$2.316 (current 24h high)

$2.350 (psychological resistance level)

$2.450 (next significant level based on recent price action).

Support Levels:

$2.214 (Bollinger Middle Band and Parabolic SAR level).

$2.130 (Bollinger Lower Band).

Trade Signal:

Trade Momentum: Bullish

Entry Zone:

Enter long positions on pullbacks between $2.21–$2.24 to align with strong support.

Stop Loss:

Place a stop loss below $2.13 to manage downside risk.

Target Levels 🎯:

1. Target 1: $2.35 (near-term resistance).

2. Target 2: $2.45 (next key resistance).

3. Target 3: $2.60 (bullish breakout continuation).

Additional Notes:

Monitor for consolidation or rejection near $2.316. If the price breaks and holds above this level with strong volume, it could confirm further upside potential.

Adjust trailing stops as the price approaches higher targets to secure profits.

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