📊 THETA/USDT – Confirmed Double Top Pattern

On the 1-month timeframe, THETA/USDT has clearly formed a Double Top pattern:

• Peak 1: ~2.6 USDT

• Peak 2: ~2.2 USDT (lower than Peak 1, indicating weakening buying pressure)

• Neckline: ~1.0 USDT – has been broken

• Current price: ~0.68 USDT

🔻 Technical signals:

• Breaking the neckline confirms the continuation of the downtrend

• Volume increases when support breaks

• MACD crosses down, histogram negative

🎯 Theoretical price target: ~0.4 USDT

📌 Recommended strategy:

• Avoid catching the bottom without clear reversal signals

• Prioritize holding cash or defensive positions if currently holding

• Consider stop-loss if the price continues to break below 0.66

#THETA