$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
THETA-1,41%
MA-9,41%
PHA0,47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)