THETA - How tight is your grip?
Updated
As I had mentioned in my previos idea here: https://www.tradingview.com/chart/THETAUSDT/HTvXoEIX-THETA-Hold-on-tight-for-a-bumpy-ride-Watch-the-Trading-Range/ you really have to buckle up and hold tight for this bumpy ride - and boy this one is bumpy.
In my update from a day ago on the idea above I had mentioned my buy order around 1,79$ (demand zone and purple support level) and it got executed - so I am actually happy about this. You can see how the price touched the purple level (weekly) and then got rejected.
So what's next? Well unfortunately the price moves are heavily correlating to
BTC - so we will watch closely what BTC will do - and it does not look like the end of it, when you look at the weekly and monthly volume with the price decline.
The good news for
THETA on the other hand is that even though price does decline, so does volume (weekly/monthly). So I am not worried and since I believe in the product itself and see intrinsic value in it, I will wait for calmer times.
Make sure to keep enough cash in your account to accumulate and average down when you find a product/stock/cryptocoin you believe in.
For reasons of transparency: I am invested with 1/2 of my account size inTHETA and keep 1/2 as buffer cash to buy dips.
Stay healthy!
In my update from a day ago on the idea above I had mentioned my buy order around 1,79$ (demand zone and purple support level) and it got executed - so I am actually happy about this. You can see how the price touched the purple level (weekly) and then got rejected.
So what's next? Well unfortunately the price moves are heavily correlating to
BTC - so we will watch closely what BTC will do - and it does not look like the end of it, when you look at the weekly and monthly volume with the price decline.The good news for
THETA on the other hand is that even though price does decline, so does volume (weekly/monthly). So I am not worried and since I believe in the product itself and see intrinsic value in it, I will wait for calmer times.Make sure to keep enough cash in your account to accumulate and average down when you find a product/stock/cryptocoin you believe in.
For reasons of transparency: I am invested with 1/2 of my account size in
THETA and keep 1/2 as buffer cash to buy dips.Stay healthy!
Trade active
Hey folks! What happened in the meantime? Well you all heard the story with LUNA/TERRA and the whole crypto realm being in shock. Also BTC has lost a few more %, which always has an immediate impact on other cryptocurrencies. For me, I have set up my buy orders at 0,81$ and 0,40$ for THETA. I believe in the product itself and hence I will accumulate with the trading cash reserves that I have. Stay healthy and I wish you all super strong nerves!
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