$THETA/USDT: The Recovery or a Trap?
The market is showing a classic "V-shaped" attempt at a comeback, but the tension is palpable. Here is the breakdown of the action:
Current Price: 0.299 USDT (-9.12% drop today)
The Floor: Strong support established at 0.292.
The Ceiling: Resistance looms heavy at 0.301.
Volume Surge: A massive spike in buying volume just occurred near the 12:30 mark, signaling that big players are stepping in to defend this zone.
What to Watch For:
If THETA can break and hold above 0.301, we could see a rapid squeeze back toward the 24h high of 0.334. However, if the volume fades here, we might be looking at a "Dead Cat Bounce" before another test of the lows.
The volatility is peaking—stay sharp and watch those candle closes!
Would you like me to analyze the Moving Averages (MA) on this chart to see if a crossover is imminent?
