THETA has formed a V wave at a key support level, testing the Fibonacci zone of 0.906 USD to 0.854 USD. Maintaining above this range could indicate the beginning of wave ⑤, leading to a bullish trend.
Swing traders are advised to look for buying opportunities in the 0.85 USD to 0.90 USD range, especially if a reversal pattern appears. A fall below 0.672 USD may invalidate the bullish outlook.
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