On #THETA I like the lower area 0.1260–0.1237.
Before the move up, price traded here for a long time: the range held several times, there were wicks below, but sellers never really accepted under it. Eventually we got the breakout from that base and a strong continuation higher.
After a move like that I see no point chasing price. Better wait for a proper return to the impulse base and build the position in two parts there.
Entry: two limits — 0.1260 and 0.1237. Stop: 0.1200. Potential: 3–20% net move. Risk: 1% on the whole idea — 0.5% per limit.
The stop here is fair: if price goes back under the whole base and accepts lower, holding the old structure no longer makes sense.
If both prices fill, I move the first take a bit closer.
Trade parameters
- Limits /
- Stop
- Risk1% · по 0.5% на лимитку
- Target3–20% чистого движения
Important: Below 0.1200 with acceptance under the base — old structure broken, LONG cancelled. If both prices fill — first take a bit closer.
