THETA/USDT It required break for back to the bullish movement!

BINANCE:THETAUSDT   Theta Token / TetherUS
πŸ’Ž Paradisers, #THETA is indeed a coin worth monitoring closely.

πŸ’Ž Currently, THETA is encountering resistance around the 2.55 area. If THETA successfully breaks out of the descending trendline with a strong green candle, it would signal bullish momentum.

πŸ’Ž THETA has been testing the resistance area for three consecutive days. If it fails to break above the resistance and instead forms a bearish rejection candle, there's potential for a retracement towards the demand area at 2.26 before resuming the upward movement and attempting another breakout of the resistance.

πŸ’Ž However, if THETA manages to break above the resistance at 2.55 without retracing to test the demand area, it could indicate a strong bullish sentiment, potentially leading to further upward movement towards our target strong resistance area.

πŸ’Ž The bullish invalidation would come into play if THETA breaks below a major support level, confirmed by a daily candle close below it. In such a scenario, there's a high probability that the price would continue its downward trajectory, possibly experiencing further dips.

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