$THETA #THETA 📉
Direction: SHORT
Entry zone: 0.137 to 0.139
Stop loss: 0.142
Target 1: 0.134
Target 2: 0.130
Theta is trading near 0.137 dollars, down 2.26 percent in 24 hours and down 12.62 percent on the week, inside a range of 0.1368 to 0.1437 dollars, and the recent closes show sellers pressing lower, 0.137943, then 0.138458, then 0.138743, then 0.138483, then 0.13781. 🔴 My reading is that THETA is rolling over at the bottom of its range, because five closes stuck under 0.139 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Bitcoin near 72,758 dollars gives it no help. A short from the current zone, with a stop above 0.142, targets 0.134 first and then 0.130 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does THETA break 0.134 today, or reclaim 0.142 first? 🤔
Follow for more trades.
#Theta #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.137 to 0.139
Stop loss: 0.142
Target 1: 0.134
Target 2: 0.130
Theta is trading near 0.137 dollars, down 2.26 percent in 24 hours and down 12.62 percent on the week, inside a range of 0.1368 to 0.1437 dollars, and the recent closes show sellers pressing lower, 0.137943, then 0.138458, then 0.138743, then 0.138483, then 0.13781. 🔴 My reading is that THETA is rolling over at the bottom of its range, because five closes stuck under 0.139 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Bitcoin near 72,758 dollars gives it no help. A short from the current zone, with a stop above 0.142, targets 0.134 first and then 0.130 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does THETA break 0.134 today, or reclaim 0.142 first? 🤔
Follow for more trades.
#Theta #Crypto #FuturesTrading #TradingSignals
