๐๐ THETA Trade Analysis ๐๐น
๐ Recent Price Movement:
THETA faced rejection at $1.45 three weeks ago and has been retracing since.
๐ฏ Current Resistance Zone:
Now within the $1.15 - $1.20 resistance area.
๐ Potential Scenarios:
If rejected, further downside could test the next support at $0.975 - $1.026 or even $0.85 - $0.90.
๐ Trade Consideration:
Considering a long trade on THETA amid the potential for cash to shift from BTC into alts.
๐ Timing Around BTC Spot ETF:
Anticipating cash movement from BTC to alts following this week's BTC spot ETF announcement.
๐ฃ Conclusion:
THETA's current position within the resistance area requires careful consideration.
Potential rejections may lead to testing lower support levels.
Trade decision may be influenced by broader market dynamics post BTC spot ETF news.
๐ฐ๐น #THETAAnalysis #CryptoTrading #MarketWatch ๐๐
THETA faced rejection at $1.45 three weeks ago and has been retracing since.
๐ฏ Current Resistance Zone:
Now within the $1.15 - $1.20 resistance area.
๐ Potential Scenarios:
If rejected, further downside could test the next support at $0.975 - $1.026 or even $0.85 - $0.90.
๐ Trade Consideration:
Considering a long trade on THETA amid the potential for cash to shift from BTC into alts.
๐ Timing Around BTC Spot ETF:
Anticipating cash movement from BTC to alts following this week's BTC spot ETF announcement.
๐ฃ Conclusion:
THETA's current position within the resistance area requires careful consideration.
Potential rejections may lead to testing lower support levels.
Trade decision may be influenced by broader market dynamics post BTC spot ETF news.
๐ฐ๐น #THETAAnalysis #CryptoTrading #MarketWatch ๐๐
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