THETA breaking down

٢٧ أكتوبر ٢٠٢٠

*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. ***

THETAUSDT
Probable
- Long term downtrend daily
- EMA’s bearish on 12hr & 4hr
- Looking like it will break support
- Looking for BCR of support
- 3 short targets