Theta is at a critical level at the moment. It's facing the 100EMA dynamic resistance and previous structure at $8.50 level. If we manage to break that level, we can consider buying Theta. Until then, it looks very corrective and bearish and we could see a move lower.
Keeping a close eye on the $8.50 level to see how price reacts.
Keeping a close eye on the $8.50 level to see how price reacts.
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