🌌 Finora AI Expectation - $THETA 2h
Currently, the price is under pressure and the trend is clearly bearish, most indicators are also signaling downwards, so the falling scenario seems to be at the forefront 🚨
- If the price tests the resistances of 0.285 and 0.291 and remains below, I would expect new selling pressure from here and the potential for a retracement is high down to the levels of 0.276 and 0.271 📉
- The best scenario for a short trade: a rise in the range of 0.285-0.291 and seeing a clear reversal formation like a pin bar, engulfing or lower high here. If there is confirmation, a short entry could be considered, the take profit points could be 0.276 and 0.271 respectively. I recommend placing the stop-loss a little above the nearest swing high 🚦
- If the price closes strongly above 0.291 and holds this area as support, we could see a short-term reaction up to 0.301 and 0.307, but my scenario...
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