Market Capitalization: $341M. A very unusual situation with THETA. After a sharp rise followed by a gradual correction, the chart is moving downward.
🟡 Our task is to catch the bottom of this correction as the price returns to its previous channel.
How to trade❔
💬 Near levels, wait for a reliable candlestick formation with an upward signal.
💬 Buy only with a favorable risk/reward ratio.
💬 Place stop-loss behind the extremum.
💬 Set profit target before the nearest level.
💬 Don't be greedy! Don't assume the price will return to where it started falling from. Take a modest profit.
Conclusion: THETA is currently in a bounce-hunting zone. Deutsche Telekom recently joined Theta Network as a validator alongside Google, Samsung, and Sony – fundamentals remain strong. But technically we're still in a downtrend, so enter cautiously and only by the rules.
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📈 Technical Analysis: Theta ( $THETA )
Market Capitalization: $341M.
A very unusual situation with THETA. After a sharp rise followed by a gradual correction, the chart is moving downward.
🟡 Our task is to catch the bottom of this correction as the price returns to its previous channel.
How to trade❔
💬 Near levels, wait for a reliable candlestick formation with an upward signal.
💬 Buy only with a favorable risk/reward ratio.
💬 Place stop-loss behind the extremum.
💬 Set profit target before the nearest level.
💬 Don't be greedy! Don't assume the price will return to where it started falling from. Take a modest profit.
Conclusion:
THETA is currently in a bounce-hunting zone. Deutsche Telekom recently joined Theta Network as a validator alongside Google, Samsung, and Sony – fundamentals remain strong. But technically we're still in a downtrend, so enter cautiously and only by the rules.
📈 Open trade with $THETA 🔗 Chat • X • HRUMfamily