THETA/USDT Bounce from the demand. Could THETA Continue Upward ?
💎 THETA's recent market performance has garnered a lot of attention. Presently, it has shown a strong recovery from a key demand area, highlighted by the closure of the daily candle with a robust green signal.
💎 If this recovery proves to be a solid indicator, THETA might be poised for an upward trend, potentially reaching the designated bearish OB area.
💎 However, should THETA fail to maintain this upward trajectory and revisit the demand zone, it will be crucial for it to demonstrate resilience and rebound from this level. A failure to do so, resulting in a breakdown of this area, could signify a shift away from the current bullish trend.
💎 In such a scenario, THETA can enter a downward phase, moving towards a support area and potentially even reaching a lower, stronger support region. The market's response at these critical junctures will be essential in determining THETA's future course.
💎 If this recovery proves to be a solid indicator, THETA might be poised for an upward trend, potentially reaching the designated bearish OB area.
💎 However, should THETA fail to maintain this upward trajectory and revisit the demand zone, it will be crucial for it to demonstrate resilience and rebound from this level. A failure to do so, resulting in a breakdown of this area, could signify a shift away from the current bullish trend.
💎 In such a scenario, THETA can enter a downward phase, moving towards a support area and potentially even reaching a lower, stronger support region. The market's response at these critical junctures will be essential in determining THETA's future course.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.