Here I am discussing bullish scenario of THETA because theta had a good bounce from deep retracement FIB level in weekly time frame which is very bullish case in terms of Price action. Next resistance would be around $5.6-$5.9, so if you bought theta during dip try to book some profit as we can see a correction as explained in the chart. Also I am seeing that theta might enter into an accumulation phase around $5.9 to $7.7 region (Also explained in the chart). Overall theta will explode once price will hold $8.5 or above in weekly TF . All importance regions of support and resistances are given in the chart so trade accordingly.
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and Happy trading!
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and Happy trading!