$THETA : BREAK TREND – HOLD MONEY, DO NOT HOLD LOSS!
Current situation: • 1h & 4h: • The price continuously stays below MA(7), MA(25), MA(99) → clear short-term downtrend. • MACD is still negative, long red histogram → no sign of a rebound yet. • The volume is gradually weakening → the money flow is temporarily withdrawing. • Date range: • THETA dropped from a peak of around 1.08 to about 0.84, losing nearly -25% in a few days. • Testing support at MA(25) – around 0.81, if it breaks further, it could return to the range of 0.75–0.78. • Weekly & Monthly Frame: • The rebound from the bottom of 0.6 to 1.08 has ended. Now it's a correction phase. • The long-term trend is still bearish, unless THETA breaks above 1.1 with high volume.
Strategy:
1. "Don't let the knife fall": THETA is in a downtrend, with no signs of a bottom formation yet. It is not advisable to enter at this time, even though the price is low.
2. "Technical Bottom:" Only consider buying if: • RSI < 25 (oversold) • Price hit support at 0.75–0.78 and bounced up with volume • MACD 1h or 4h crosses up
3. "Short in sideway": If you know how to use margin or futures, you can short when the price retraces to 0.87–0.89, with SL above 0.91.
THETA is looking bad – no FOMO. Those who still have coins should take a small loss, and those who haven't entered should wait for a clear reversal signal before deciding.
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$THETA : BREAK TREND – HOLD MONEY, DO NOT HOLD LOSS!
Current situation:
• 1h & 4h:
• The price continuously stays below MA(7), MA(25), MA(99) → clear short-term downtrend.
• MACD is still negative, long red histogram → no sign of a rebound yet.
• The volume is gradually weakening → the money flow is temporarily withdrawing.
• Date range:
• THETA dropped from a peak of around 1.08 to about 0.84, losing nearly -25% in a few days.
• Testing support at MA(25) – around 0.81, if it breaks further, it could return to the range of 0.75–0.78.
• Weekly & Monthly Frame:
• The rebound from the bottom of 0.6 to 1.08 has ended. Now it's a correction phase.
• The long-term trend is still bearish, unless THETA breaks above 1.1 with high volume.
Strategy:
1. "Don't let the knife fall":
THETA is in a downtrend, with no signs of a bottom formation yet.
It is not advisable to enter at this time, even though the price is low.
2. "Technical Bottom:"
Only consider buying if:
• RSI < 25 (oversold)
• Price hit support at 0.75–0.78 and bounced up with volume
• MACD 1h or 4h crosses up
3. "Short in sideway":
If you know how to use margin or futures, you can short when the price retraces to 0.87–0.89, with SL above 0.91.
THETA is looking bad – no FOMO. Those who still have coins should take a small loss, and those who haven't entered should wait for a clear reversal signal before deciding.
#THETA #AltcoinDump #CryptoAlert #GenZTrading #CutLossBeforeItCutsYou