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 :)