THETA/USDT Reversal in Channel: Bearish Outlook

THETA has been following this channel since the corona dip. A few days ago THETA hit the upper trend line, starting a new move downward.

With the crypto market being very bullish at the moment, I'm aware this is a risky trade. Therefore my advice would be to keep a tight stop-loss in case things go south.

On the chart I've marked two areas of support, S1 and S2. These areas are based around round numbers. I'm expecting the price to gradually fall, in case you're looking for a faster trade place your target around 1.75-ish. Happy trading!