THETA Monthly Chart Just Entered Its Most Dangerous ZoneTHETA Monthly Chart Just Entered Its Most Dangerous Zone
THETA is testing one of the most crucial zones on the entire macro structure. After a long decline from the 2021 high of 15.686, the market is pressing into levels that will determine whether a major reversal or deeper downside unfolds.
*Major Resistance Zones*
🔹 0.60 to 0.80 acting as a heavy supply region
🔹 Long term descending trendline still suppressing price
🔹 Monthly EMA cluster maintaining strong overhead pressure
🔹 These levels continue to reject any attempt at reclaiming momentum.
*Key Support Zones*
🔹 0.40 to 0.47 acting as the immediate defense
🔹 0.30 to 0.20 forming the most important macro support
🔹 0.25 to 0.35 also aligning with strong historical demand
🔹 This lower block is the zone that can define the next multi month trend.
*Price Action Snapshot*
🔹 The 0.60 to 0.80 zone has fully flipped into resistance
🔹 Current bullish order block invalidated and structure remains weak
🔹 Monthly candle is down more than 8 percent with fading volume
🔹 Sellers remain in control while buyers show limited strength
🔹 The market is in distribution below resistance and drifting toward major demand.
*Potential Bullish Scenario*
If THETA holds the deeper order block at 0.30 to 0.20, a large upward rally becomes possible.
A strong bounce from this zone opens upside targets toward 1 to 2.
If price later holds above 2, the macro structure supports a long term push back toward the 15 region.
This makes the 0.30 to 0.20 range the most critical accumulation zone on the entire chart. Keep close attention to how price behaves here.
*Directional Bias*
🔹 Bearish while below 0.60
🔹 Break of 0.40 confirms continuation into the deeper demand.
Bullish only with a monthly close above 0.60
Reclaiming that level begins a structural shift.
*Risk Note*
This is a high impact decision zone. Market reaction here will determine the next major leg. Manage exposure with discipline. NFA. DYOR.
