THETA/USDT - JUNE 2024
Updated
The market correction presents an opportunity as panic selling begins. We've been patiently waiting for the right moment to buy, and now it's here! If you saw my last chart on THETA, you know we successfully closed with around a 140% profit earlier this year. THETA is back on my watchlist, returning to the breakout level of our last trade. It looks like the perfect time to prepare for the next big move.
This is a mid-term trade, focused solely on the SPOT market. While there may be some volatility, I believe holding altcoins in SPOT is relatively safe. Many will miss out on these opportunities as they get liquidated on their leverage trades. Let's seize the chance while we can!
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It's crucial to manage your funds wisely. If the market loses the main support area mostly on weekly chart, be prepared to exit your positions. However, stay alert for potential shakeouts—temporary drops that regain support—providing opportunities to re-enter the market.
Remember, the strategy for taking profit isn't about hitting an exact number. Instead, we focus on areas of possible resistance. As we approach these areas, we move our stop-loss orders higher, allowing us to follow the price action toward higher targets. This method helps secure profits as the rally progresses.
Always have a plan for both entry and exit points. By adhering to these strategies, we aim to optimize our trading outcomes and secure massive profits.
Successful trading involves understanding the rules and executing them with discipline. Stay focused, manage your risks, and be ready to capitalize on market opportunities.
Happy trading!
This is a mid-term trade, focused solely on the SPOT market. While there may be some volatility, I believe holding altcoins in SPOT is relatively safe. Many will miss out on these opportunities as they get liquidated on their leverage trades. Let's seize the chance while we can!
-------------------------------
It's crucial to manage your funds wisely. If the market loses the main support area mostly on weekly chart, be prepared to exit your positions. However, stay alert for potential shakeouts—temporary drops that regain support—providing opportunities to re-enter the market.
Remember, the strategy for taking profit isn't about hitting an exact number. Instead, we focus on areas of possible resistance. As we approach these areas, we move our stop-loss orders higher, allowing us to follow the price action toward higher targets. This method helps secure profits as the rally progresses.
Always have a plan for both entry and exit points. By adhering to these strategies, we aim to optimize our trading outcomes and secure massive profits.
Successful trading involves understanding the rules and executing them with discipline. Stay focused, manage your risks, and be ready to capitalize on market opportunities.
Happy trading!
Trade active
Trade closed: stop reached
Trade active
as described in analyze we always stay alert for potential fake shakeouts - re-entered at around 1.4$Disclaimer
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