Technical analysis by MyCryptoParadise about Symbol THETA: Buy recommendation (1/15/2024)

💎 Paradisers, keep a keen eye on #THETAUSDT as it's currently shaping up for a bullish turn, trading actively in a key demand zone. 💎 Recently, #THETANETWORK has been navigating through the demand-1 zone at $0.969, showing potential for an upward trajectory. The expectation is for an initial surge, possibly facing a setback from the supply zone at $1.186, followed by a bullish continuation from the demand-2 zone at $0.856. If #THETA sustains its momentum at this pivotal level, the aim is for a rise towards $1.452. 💎 However, if #THETA struggles to uphold its position above the critical demand-2 level of $0.856, it might signal the need for a strategic shift. Under these circumstances, our plan would pivot towards fostering a bullish rally from a lower demand-3 level at $0.740. 💎 It's vital to monitor this level closely, as a breakdown below could suggest a potential change in market sentiment, veering towards a bearish trend in the #THETA market.