$THETA/USDT LONG TRADE SIGNAL – STRONG BULLISH SETUP


Here's a concise breakdown of a potential long trade setup for THETA/USDT based on a bullish technical outlook:



Technical Setup:




  • Trend: Currently in a recovery/uptrend phase after a consolidation.



  • Support Zone: Strong support found around $1.65–$1.70.



  • Breakout Confirmation: Clear breakout above key resistance at $1.80–$1.85 signals bullish momentum.



  • Volume: Increasing buying volume supports the breakout strength.



  • Indicators:




    • RSI trending upward, not yet overbought.



    • MACD crossover on daily chart confirms momentum shift.



    • EMA Alignment: Price trading above 20/50 EMA – a bullish alignment.



Trade Plan:




  • Entry: $1.86–$1.90 (upon retest or confirmed breakout)



  • Stop Loss: Below support at $1.68 (or tighter based on personal risk tolerance)



  • Targets:




    • TP1: $2.10



    • TP2: $2.40



    • TP3: $2.75 (extended target if momentum continues)



Risk/Reward Ratio: 2.5–3.0+ depending on entry and stop placement.