LIVE--
Bullish
LIVEBen Walther
--
Bullish
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
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
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
THETA
1.057
-0.09%
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