THETA Long Spot Position (Support Entry)

2 thg 10, 2024

Market Context: THETA has retraced to a key support level at $1.30, presenting a solid opportunity for a long trade. The setup provides a good risk-reward profile if the support holds and the price starts to bounce.

Trade Setup:

Entry: At the current $1.30 level of support.
Take Profit:
First target: $1.50 - $1.67
Second target: $1.85 - $2.05
Stop Loss: Just below $1.24.

This setup focuses on capturing the bounce from support with defined risk. #THETA #SupportTrade