Breakout from Vertical Channel
Observation:
Theta/USDT has broken out of a vertical channel, as indicated on the chart.
Target:
Based on the channel's height, the objective is set at $0.72.
Stop Loss:
A stop loss is advised on a 4-hour candle close below the support level.
Description:
The Theta/USDT pair has showcased a breakout from its vertical channel formation. Using the height of the channel as a projection, we've set our target at $0.72. As always, risk management is paramount; hence, it's recommended to place a stop loss if there's a 4-hour candle close beneath the support. Keep an eye out and trade wisely!
Theta/USDT has broken out of a vertical channel, as indicated on the chart.
Target:
Based on the channel's height, the objective is set at $0.72.
Stop Loss:
A stop loss is advised on a 4-hour candle close below the support level.
Description:
The Theta/USDT pair has showcased a breakout from its vertical channel formation. Using the height of the channel as a projection, we've set our target at $0.72. As always, risk management is paramount; hence, it's recommended to place a stop loss if there's a 4-hour candle close beneath the support. Keep an eye out and trade wisely!
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