Yello, Paradisers! Are we on the brink of a #THETAUSDT rebound, or are darker days ahead? Let’s dive into the latest analysis to find out!
💎Currently, #THETA is hovering around the support zone. We might see a rebound here, which could test the supply area at $1.72. For confirmation of this probability upward move, we need a breakout above this supply area. If this happens, we could see a strong bullish momentum as THETA breaks the descending resistance, aiming for our target resistance level.
💎However, if THETA fails to rebound and breaks below the support zone, this could spell trouble. In this scenario, we might see the price drop further, probability hitting the Bullish OB area around $1.66.
💎If THETA makes a bullish rejection at the OB area, this could be a good sign. The best confirmation would be for THETA to reclaim the support area, indicating a potential upward movement.
💎If the price fails to rebound from the OB and breaks below it, this invalidates the bullish scenario and suggests a deeper decline.
To make it far in your crypto trading journey, consistency and patience are key. Discipline, patience, and robust strategies are your tickets to long-term success in this market.
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