-We can see multiple rejections at the last Fib resistance area -And Theta Token is trying to break above 0.786 -This is Bullish if the daily candle closes green -Provided it can hold above resistance area for at least 5-7 days -But I don't want to be optimistic at this level -Because of the warning signs like RSI, price action, low volume, & pattern -Yes, the price may still increase by up to 16% -But on the risk to reward perspective, it is not good -I would rather wait for a trendline support retest -Before looking for a Bullish/Bearish trade idea
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