THETA has formed a strong bullish divergence off a double bottom, following a deep liquidity sweep to $0.56. With price now reclaiming the 20-day SMA, signs point to a local bottom and potential range low deviation.
📌 Trade Setup:
• Entry Zone: $0.70 – $0.75
• Take Profit Targets:
o 🥇 $0.95 – $1.00
o 🥈 $1.60 – $1.72
o 🥉 $2.13 – $2.25
• Stop Loss: Daily close below $0.65
📌 Trade Setup:
• Entry Zone: $0.70 – $0.75
• Take Profit Targets:
o 🥇 $0.95 – $1.00
o 🥈 $1.60 – $1.72
o 🥉 $2.13 – $2.25
• Stop Loss: Daily close below $0.65
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.