THETA/USDT Trade Plan
Price Now: 0.779 USDT (+2.77%)
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Scenario 1: Overbought Pullback (Short) 📉
Trigger: Price stalls or reverses at 0.780 (24h high) with bearish candlestick confirmation.
Entry: Short around 0.778–0.780.
Take Profit:
TP1: 0.765 (EMA 25)
TP2: 0.761 (EMA 99)
Stop-Loss: Above 0.785 (just above 24h high)
Scenario 2: Bullish Breakout (Long) 🚀
Trigger: Clean breakout and close above 0.780 with rising volume.
Entry: Long on close > 0.780.
Take Profit:
TP1: 0.800 (psychological level)
TP2: 0.820 (next resistance)
Stop-Loss: Below 0.770 (below EMA 7 at 0.770)
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Key Factors to Watch
EMAs: EMA 7: 0.770 < EMA 25: 0.765 < EMA 99: 0.761 — recent bullish crossover, but very overextended.
RSI(6): 83.9 (extreme overbought)
StochRSI: 100 (max overbought)
MACD: Slightly bullish (histogram +0.002) but overbought extremes warn of a pullback.
Volume: Spiking on the recent ramp—confirm breakout or watch for drying liquidity on a reversal.
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