$THETA / USDT ā MAJOR RESISTANCE REJECT? š»
$THETA is retesting the $0.885ā$0.890 resistance level after a short-lived rally. On the 4H chart, the structure shows a bearish lower-high pattern with declining volume. A failure to close above $0.890 could mark another leg down in this broader downtrend.
š SHORT TRADE SETUP
ā¢ Entry Zone: $0.882 ā $0.888
ā¢ TP1: $0.860
ā¢ TP2: $0.840
ā¢ TP3: $0.823
ā¢ Stop-Loss: Above $0.895
With sellers defending the $0.89 resistance and price still below key moving averages, this setup favors downside continuation if rejection is confirmed.
