$THETA has already confirmed a breakdown from an inverse cup and handle pattern, shifting the short-term structure in favor of the bears.

This type of pattern often signals continued downside when the breakdown is supported by sustained selling pressure. As long as the price remains below the neckline, the bearish outlook remains intact.

Any failed attempt to reclaim the breakdown level could provide additional confirmation that sellers are still in control, increasing the probability of another leg lower.

The next step is to monitor how price reacts around nearby support zones. If those levels fail to hold, the decline could accelerate further.

Keep this one on your watchlist and let price action confirm the next move. Proper risk management remains essential in volatile market conditions.