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THETAUSD D1: SHORT THE BOUNCE BEARS TP 2.50(SL/TP)(NEW) for BINANCE:THETAUSD by ProjectSyndicate

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THETAUSD D1: SHORT THE BOUNCE BEARS TP 2.50(SL/TP)(NEW)

IMPORTANT NOTE: speculative setup. do your own

due dill. use STOP LOSS. don’t overleverage.

Tagged as SHORT because I expect more short-term

and mid-term losses. SHORT IT!

🔸 Summary and potential trade setup

::: THETAUSD D1/candle chart review/outlook

::: tagged SHORT because it’s BEARISH short-term

::: mid-term also BEAR MODE

::: sequence of 5 waves BEAR MODE

::: right now bouncing in wave 4

::: (not an elliott wave setup)

::: spells more trouble mid-term

::: BEARS will target 2.50 USD

::: measured move CORRECTION

::: all BEAR waves = 63%

::: shorting rips / shorting after wave4

::: makes sense right now

::: we are setting up for another correction

::: final TP bears is near 2.50USD

::: recommended strategy: SHORT IT 5-6USD

::: TP BEARS is 40%+ correction

::: SWING trade setup / no fast gains here

::: SHORT/HOLD / do not expect miracle gains

::: SL is 5% max

::: good luck traders!

🔸 Supply/Demand Zones

::: N/A

::: N/A

🔸 Other noteworthy technicals/fundies

::: TD9 /Combo update: N/A

::: Sentiment mid-term: BEARS/CORRECTION

::: Sentiment outlook short-term: RANGE/MIXED

RISK DISCLAIMER:

Trading Futures , Forex, CFDs and Stocks involves a risk of loss.

Please consider carefully if such trading is appropriate for you.

Past performance is not indicative of future results.

Always limit your leverage and use tight stop loss.

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