MyCryptoParadise_Simon

THETA/USDT should price hold momentum at OB? 🚀Theta Analysis

Long
BINANCE:THETAUSDT   Theta Token / TetherUS
💎 Paradisers, let’s explore the captivating movement of #THETAUSDT. Currently, it is assessing a bullish order block (OB) level—a zone of immense significance due to its juicy liquidity.

💎 Our observations reveal that #THETA dutifully adheres to a descending channel trajectory, respecting channel resistance on two occasions. Now, if the price successfully maintains momentum at the bullish OB level of $1.787, there exists a compelling probability that it will target levels above the major resistance.

💎 However, my friends, the markets are ever-changing. Should the price of THETA dip below this pivotal OB zone, our strategy must swiftly adapt. Brace yourselves! We anticipate a bullish rebound from the lower support level at $1.451. Failure to reclaim ground here could potentially lead to further declines. Stay vigilant, stay nimble, and let’s navigate these market fluctuations with grace and precision.

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