This is pure momentum breakout, but also overextended after

This is pure momentum breakout, but also overextended after a vertical push so long is fine, just don’t chase blindly.
$THETA Long
Entry: 0.240 – 0.252
SL: 0.223
TP1: 0.270
TP2: 0.290
TP3: 0.315
You’re trading strength here, not structure. That big wick shows liquidity grab + continuation, but also tells you volatility is high.
Better approach:
	•	Either wait for a pullback to ~0.235–0.240
	•	Or enter on break + hold above 0.260
Important:
If price loses 0.235 and fails to bounce, this becomes a blow-off top → and drops fast.
Take profits aggressively these vertical moves don’t last long without correction.
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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}This is pure momentum breakout, but also overextended after a vertical push so long is fine, just don’t chase blindly.

This is pure momentum breakout, but also overextended after a vertical push so long is fine, just don’t chase blindly.