$THETA / USDT – Showing Strength, Can It Break the Ceiling? 💪

$THETA / USDT is currently trading around $0.762 on Binance, showing a positive move of over 6.5%! Let's see if it has the power to break through the current resistance.

Key Observations:

* Steady upward movement with consecutive green candles on the 4-hour chart.

* Currently testing the 24-hour high of $0.766, acting as immediate resistance.

* Trading volume appears to be increasing.

Potential Scenarios:

* Breakout Attempt: If THETA can decisively break and hold above $0.766 with strong volume, we could see a push towards the $0.770 - $0.780 zone.

* Consolidation at Resistance: We might see a brief period of consolidation just below this level before a potential breakout attempt.

* Possible Retracement: Failure to break through $0.766 could lead to a pullback towards the $0.755 support level.

Key Levels to Watch:

* Resistance: $0.766 (24h High), $0.770 - $0.780 zone.

* Support: $0.755, $0.750.

Remember to always trade responsibly and conduct your own thorough research before making any trading decisions. Keep a close eye on that resistance level!

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