EthanTW

THETAUSDT - Buy after stand firm here!

Long
BYBIT:THETAUSDT   THETAUSDT Perpetual Contract
BYBIT:THETAUSDT
1H trend chart
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THETA just broke out and retested the short-term downtrend line(orange line)
Also broke out the long-term downtrend line.
Now, a triangle is forming from the blue horizontal ray and uptrend line.
If price can stand firm at 6.434(blue ray) or 6.147(Fib_0.618), trading strategy as below.
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Profit Targets:
a) 7.068----Fib(1)
b) 7.724~7.798---Fib(1.272~1.382)
c)9.479-----Fib(2)

Stop losses:
a) will provide it later
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