P_S_trade

THETA 1D. Worst-case scenario is the test of $0.3

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BINANCE:THETAUSDT   Theta Token / TetherUS
An interesting project with small daily trading volumes.
From March 2020, Theta token is in a solid upward trend. Measuring the percentage of growth which THETA's price made in 7 months, we were amazed. x20!

The global support level for the token is in the range $0.2-0.24. It was in this range that buyers managed to stop the aggressive fall from $0.6, which began at the end of May 2020.

On 4 October, the token set a new historical high $0.794. If we draw a trend line for two highs, we see that the growth trend angle can change.

The critical point of this token is at $0.5. It is difficult to measure the probability of one scenario or another so far.Therefore, we will follow the nature of the price movement and make updates.

The worst-case scenario for THETA at the moment is a deep correction to $0.3.
This scenario is quite possible if BTC and the entire crypto market are corrected.
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