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【$THETA Signal】Long Breakout and Retest Confirmation
After a volume-driven rally, $THETA is undergoing a healthy consolidation just below a key resistance zone. The market shows strong buying absorption with no signs of panic selling, indicating a typical pre-breakout accumulation structure.
🎯 Direction: Long
🎯 Entry: 0.2150 - 0.2180
🛑 Stop Loss: 0.2080 ( Rigid Stop Loss )
🚀 Target 1: 0.2300
🚀 Target 2: 0.2450
After the volume surge, the price is consolidating within a narrow range near the previous high. Rising open interest alongside the price suggests institutional buying rather than short covering. The current retracement is shallow and short-term, indicating a strong consolidation. The key support zone of 0.2120-0.2150 has not been effectively broken, showing selling pressure weakening. As long as the price stays above 0.2080, the probability of an upward breakout and testing higher liquidity zones remains favorable.
Trade here 👇 $THETA
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