THETA — Another One To Run Soon?

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