THETAUSDT 1D long setup; trade of your life! RR 17.8!!
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TA Explained
This is a long shot. But if it plays out its a masterpiece! Check this out.
THETAUSDT has shown a very big rise in price since “The March Dump”. Its revival reached new highs, higher price levels than before the drop. Moreover after the recent top price retraced to turn previous high in support, as can be seen on the weekly timeframe
Zooming in to the daily timeframe we can see price immediately turned around when touching the support zone. After rejection higher highs and higher lows are created and can be expected to continue.
Even if the price action is turning around we can at least expect a retracement to the common fib levels of the latest top. So first two target are aligned with those levels. However if it is a continuation we can aim for the extended fib level taken from the last leg down, third target aligns with that.
Looking at the entry zone at the 4H timeframe, we can see price retraced from the latest impulse and is heading upwards again. Using that information and keeping a quite save distance from current price level we get to a very nice entry area, great position risk for SL and incredible targets!! RR for all target are sick, but for the third is crazy 17.8 (!) with 172%, playing with 2x leverage thats 344%.
Only thing you need is a position and (some) patience. Who is with me?!
Trade setup
Best entries: 0.24180 - 0.25200
TP1: 0.33786
TP2: 0.43118
TP3: 0.67262
SL: 0.22160
RR: 17.8!!!
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
This is a long shot. But if it plays out its a masterpiece! Check this out.
THETAUSDT has shown a very big rise in price since “The March Dump”. Its revival reached new highs, higher price levels than before the drop. Moreover after the recent top price retraced to turn previous high in support, as can be seen on the weekly timeframe
Zooming in to the daily timeframe we can see price immediately turned around when touching the support zone. After rejection higher highs and higher lows are created and can be expected to continue.
Even if the price action is turning around we can at least expect a retracement to the common fib levels of the latest top. So first two target are aligned with those levels. However if it is a continuation we can aim for the extended fib level taken from the last leg down, third target aligns with that.
Looking at the entry zone at the 4H timeframe, we can see price retraced from the latest impulse and is heading upwards again. Using that information and keeping a quite save distance from current price level we get to a very nice entry area, great position risk for SL and incredible targets!! RR for all target are sick, but for the third is crazy 17.8 (!) with 172%, playing with 2x leverage thats 344%.
Only thing you need is a position and (some) patience. Who is with me?!
Trade setup
Best entries: 0.24180 - 0.25200
TP1: 0.33786
TP2: 0.43118
TP3: 0.67262
SL: 0.22160
RR: 17.8!!!
Max leverage: 2x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade fermée: ordre d’arrêt atteint
Price did move in the preferred direction initially but wasnt able to continue up further or bounce on the retest. SL was hit. I'm doubting to open it again with a wider SL... Let me think about it.
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