$THETA SHORT — Peak Rejection & Downward Correction
Price faced clear resistance near the 0.1636 peak, printing consecutive red candles and breaking below short-term support levels. Diminishing bullish momentum favors a short pullback setup:
Entry: 0.1607 – 0.1620
TP1: 0.1563
TP2: 0.1522
TP3: 0.1490
SL: 0.1645
Remaining capped below overhead resistance supports the ongoing downward correction toward lower demand targets.
Price faced clear resistance near the 0.1636 peak, printing consecutive red candles and breaking below short-term support levels. Diminishing bullish momentum favors a short pullback setup:
Entry: 0.1607 – 0.1620
TP1: 0.1563
TP2: 0.1522
TP3: 0.1490
SL: 0.1645
Remaining capped below overhead resistance supports the ongoing downward correction toward lower demand targets.