Your attention is the global idea on the THETAUSDT chart
The first shock fact is that THETA paired to the dollar for the year made X420, that is, 42,000%
It hurts when you realize that you took only a small part of the profit from such a potential, but this cannot be changed :)
But we turn off the FOMO effect and continue to analyze the graph soberly.
Don't want to be holding onto anything for too long with the choppy conditions BTC is presenting us currently, however THETA has been one of the few projects that has held up well and recovered strongly. We can see its primed for another wave up at the moment!
Wanting to take profits just below the 4hr trendline.
#THETAUSDTPERP - short
The THETAUSDT pair looks very attractive. The resistance level is being retested. Purchases are falling. There is confidence that the price will start to slide. But there is a but. It is very risky to play short in an ascending channel. Therefore, we observe risk management first of all!
If you like my ideas, then do not forget to like,...
THETA has lost $2 zone and is falling back to $1.5 zone, which is very strong support since it helped THETA recover on January 11th. Over the next few days, I think THETA will return to $2 zone. .
If THETA conquers $2 zone, it can move up sharply to $2.5 or even $3
If it continues to be rejected at $2, it will fall sharply to $1.1 to test the MA200 of 1Day...
THETA has increased 15 times this year and now it looks like it is declining and could definitely drop sharply in the near future.
The closest support zone is the 0.55$ zone. And only once THETA conquers the 0.7$ zone it will continue to rise but resistances are quite close
-Buy: 0.55-0.57$, SL if B
-Buy: 0.48-0.50$, SL if B
-Buy: 0.40-0.42$, SL if...