THETA is on of my favorite coins.
I wrote a big article about it on my Quora profile (you can find link in the descriotion)
Sentiments aside. Good setup for a quick swingie
1) Bullish momentum (Higher lows + MACD convergence)
2) Confirmation on all timeframes (even daily)
3) Going against BTC trend
So the actual strategy would be:
1) Enter at 0.5 fib retracement (0.1045$) Why not 0.618? Because the trend is strong it may not go that far.
2) Stop loss around 0.786 (if lower trend is broken = no reason for losing more money here)
3) Take profit potentially everything that is below 0.128$ (historical resistance + high volume trade zone)
Move your stops to new higher lows to make the most out of this trade. Selling half just before 0.128$ may not be that bad idea!
Good luck! Hit that like button if you don't mind!
See you around :)
I wrote a big article about it on my Quora profile (you can find link in the descriotion)
Sentiments aside. Good setup for a quick swingie
1) Bullish momentum (Higher lows + MACD convergence)
2) Confirmation on all timeframes (even daily)
3) Going against BTC trend
So the actual strategy would be:
1) Enter at 0.5 fib retracement (0.1045$) Why not 0.618? Because the trend is strong it may not go that far.
2) Stop loss around 0.786 (if lower trend is broken = no reason for losing more money here)
3) Take profit potentially everything that is below 0.128$ (historical resistance + high volume trade zone)
Move your stops to new higher lows to make the most out of this trade. Selling half just before 0.128$ may not be that bad idea!
Good luck! Hit that like button if you don't mind!
See you around :)
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.