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be ready 50% down is coming … lets short for BINANCE:THETAUSDT by BTC-fire

After our successful Signal for LTC which hit all targets with about 60% profits 👌 ( the original post below this article)

we were waiting for another low risk trade to share freely with you here..

Theta coin is a good based project but for short term I think there will be another last correction which will happen within July n August, and then we may have the chance to complete the bull run again.

so the bearish signals we can see on the chart for now is the following:-

1- Death cross, EMA 50 has just crossed below EMA 150 which is a bearish divergence.

2- We are making lower highs n higher lows.

3- Downtrend is still continuing had not ended yet.

4- Strong diagonal resistance (the black line) that we failed to break for about 100 days !!

5- We are about to face the EMA 50 which Theta failed to stand above since the hard dump on 17 may.

6- We are about to face the last support that Theta broke while falling down which is expected to be flipped into resistance.

so we r expecting bearish movement..

short:✅ 5.90 – 6.10 ✅

🎯TARGETS:

1- 4.68

2- 3.94

3- 3.50

4- 2.94

💵 Trade Size: 3% -5% of Portfolio

🚫Invalidation(SL): 7.73

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