THETA has successfully broken out of its descending trendline (purple) and completed a clean retest. Price is now consolidating above the breakout zone, indicating strength and buyer control.
If this level holds, we could see a 15–20% upside move in the short term, with momentum possibly pushing towards the \$0.075–\$0.080 zone.
Key Points:
* ✅ Trendline breakout confirmed
* ✅ Retest completed successfully
* 📈 Bullish structure forming on lower timeframes
* 🎯 Short-term target: +15–20% from current levels
Trading Plan:
* Entry: Above breakout & retest level ($0.056–$0.058)
* SL: Below retest zone ($0.054–$0.055)
* TP1: $0.070
* TP2: $0.078–$0.080
Note: Maintain risk management and trail stop-loss as price moves in your favor.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.