THETA has been consolidating for a couple of months now. I expect a bullish move to happen soon. Some big news are about to hit in the first quarter of 2022.
Bull : after breakout from the triangle at over 8$, first target 11.4$
Bear : breakdown under 5.80$, target at around 3.50$
Not financial advice, for educational purposes only.
Theta forming head and shoulder structure + there are multiple pivot high which is the sign of liquidity for market makers and big guys.
Above each high is stoploss so price can shoot through these highs.
Stop bellow impulse candle and tp at least 1:1 , 1:1,5 and trailing...
Risk reward average. But looks to have broken out. Hoping that it catches momentum and hits at least last weeks range high. More comfortable with an entry of around $7.25 so will average it down if I have to.