📊 THETA/USDT – The Double Top pattern has been confirmed

On the 1-month chart, THETA/USDT has clearly formed a Double Top pattern:
• Top 1: ~2.6 USDT
• Double Top: ~2.2 USDT (lower than peak 1, indicating weakening buying pressure)
• Neckline: ~1.0 USDT – has been broken
• Current price: ~0.68 USDT

🔻 Technical signal:
• Breaking the neckline confirms the continuation of the downtrend
• Volume increases when breaking support
• MACD cuts down, negative histogram

🎯 Theoretical price target: ~0.4 USDT

📌 Recommended strategy:
• Avoid catching the bottom when there is no clear reversal signal
• Prioritize holding cash or being defensive if you are holding
• Consider cutting losses if the price continues to break 0.66

#THETA