When I did my last THETA review a couple of weeks ago, I was quite bearish on it. Things can change quickly. Here are the facts: • THETA's chart looks similar to other tokens that pumped massively (e.g. FTM) • It found a local bottom slightly below the consolidation zone. • The token is trying to break out of a long-term downtrend (since March). • At the same time, THETA breaks above its consolidation zone.
What to expect? A close above the 1.26-1.27 level could initiate a rally toward $1.85. In March, it took THETA only 3 days after its breakout to go from 1.26 to 1.85.
My approach: • Wait for a close above the level on the daily chart. • Enter a trade with a tight stop loss at 1.20. • First take profit at 1.50 • Second take profit at 1.84
$THETA #THETA/USDT
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Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé.Consultez les CG.
THETA
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