$THETA 4h Analysis📊
- According to the current technical chart, I expect the price to drop to the range of 0.809-0.789, and if a reversal signal forms here, a short-term long opportunity will arise. However, my main direction is bearish, meaning I find it more likely for the price to dip towards the 0.71 level.
- If it drops below 0.789 and we see an aggressive buyer reaction here, we could see a reaction rally up to the levels of 0.833 and 0.885.
- For long: If you see a reversal confirmation around 0.789 (pin bar, engulfing, or liquidity sweep on a lower time frame), you can enter, with the first target at 0.833 and the second target at 0.885. Be sure to keep the stop-loss below the last swing low.
- For short: If you see a fake-out or weakness in the range of 0.885-0.928, a short attempt can be made with a reversal confirmation, with targets at 0.809 and 0.789.
- If the price drops below 0.71 and th...
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