$THETA on the Move: Is This the Start of a Bullish Comeback?
Momentum: Turning bullish after a sharp drop to $0.666
Timeframe: 2-Hour Chart
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1. The Reversal Zone: Support Holds Strong
After hitting a low of $0.666, THETA bounced back with solid green candles. This shows strong buying interest at the bottom — a possible trend reversal in the making.
Key Support Level: $0.666
Buyers Gaining Control: Order book shows 63.61% bid dominance
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2. Eye on the Sky: Key Resistance Ahead
If THETA continues upward, it faces resistance at these key levels:
Short-Term: $0.723 (24h high)
Next Targets: $0.728 → $0.736 → $0.781
A strong breakout above $0.723 with high volume could push the price toward those next resistance zones.
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3. Trade Idea #1: The Bullish Ride
Setup: Ride the trend if THETA stays strong
Buy Zone: $0.718 – $0.721
Targets: $0.728 → $0.736
Stop-Loss: $0.707
Why it works: Higher lows, green volume bars, and strong support below
5. Quick Play: The Scalper’s Special
Setup: For fast movers who want small profits
Buy Near: $0.715 – $0.717
Sell Around: $0.725 – $0.728
Tip: Watch volume closely. No momentum = no entry.
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Final Thoughts
THETA is showing early signs of life after a steep drop — but confirmation is key. If you’re bullish, watch for a breakout above $0.723. If you're cautious, look for signs of exhaustion near resistance.
Pro Tip: Use tools like RSI or MACD to strengthen your decision-making.
