$THETA /USDT trading at 0.293 USDT with an 8.72% drop in the last 24 h.
*Simple technical outlook & trade idea (based on the visible data):*
1. *Entry target*: around 0.290 – 0.292 (current support level).
2. *Close (take‑profit)*: 0.325 – 0.330 (near the 7‑day MA and recent resistance).
3. *Stop‑loss*: below 0.285 to limit risk if the downtrend continues.
*Key observations from the chart:*
- The price is below all shown MAs (7, 25, 99), indicating a bearish medium‑term trend.
- Volume spike near the current low suggests potential short‑term buying pressure.
- The 24 h low is 0.292, making the immediate support thin.
*Action tip*: if you’re looking for a short‑term swing, watch for a clear break above 0.300 to confirm upward momentum before entering.
Do you want a more detailed risk‑management plan or an alternative longer‑term strategy for THETA?
