THETA is in a trading range between the $5.2 and $3.6 levels. In addition, the price has already approached the trend line and the middle of the range. These are strong resistance levels and if they are overcome, price is likely to head towards the upper end of the range. A breakout of the resistance could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.