Theta Network Risk

We read charts and we read signals.

We like to look for/spot reversals because if one is successful at spoting a trend change or breakout before it happens the chances increase for higher gains.

When buying near support levels/bottom prices, the risk is always small (very tight stop-loss) while the potential rewards can be great.

Look at Theta Network (THETAUSDT) now, bottomed out.
If one is smart and do decide to buy after doing their research, the stop-loss can be at tight, at 10-20%...

And if you get it right and the market turns...
You can be looking at 40%, 60%, 90%, 150%, 200% or more on the way up.

That's the beauty of trading cryptocurrency or anything for that matter.

We have a maximum risk of 100%.
But the potential profits have no limits... And we know that crypto grows 10, 20, 30x on bullish cycles. A few Xs in every bullish wave.

Of course, there is no need to risk 100% ever.
A tight stop-loss as mentioned before, limits your risk to 10-20%.

So you only need to plan, win a few ones and many can go wrong and you still win in the end.

We have to be smart though...

We have 4 daily candles closing green.
The trading volume is still low, nothing is yet confirmed.
But after a lower low, short and long-term, with bear volume going lower and lower... We know for sure that soon the market will turn.

How you approach it is your own choice.

I am just sharing my thoughts.

This is not financial advice.

Thank you for reading my friend.

Happy weekend.
Happy holidays.
Thanksgiving, all that stuff.

I love you.

Namaste.

Comment:

Our trade signal for Theta Network vs Tether (THETAUSDT)

ENTRY: $0.830 - $0.888

TP1: $1.015
TP2: $1.150
TP3: $1.320
TP4: $1.515
TP5: $1.670
TP6: $2.000
TP7: $2.222

STOP: Close daily below $0.800