THETA/BTC Breakout for 18.51% Profit

Preface:
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Strategy:
THETA/BTC broke out yesterday. If BTC ranges between $9150 - $10,000, then I suspect THETA will continue it's bull run. THETA found support at the 0.382 Fibonacci which had confluence with daily horizontal support and a 0.618 Fibonacci (not depicted on this chart).

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Entry: 0.00002245
Entry Range: 0.00002222 - 0.00002300

T1: 0.00002345
T2: 0.00002385
T3: 0.00002550
T4: 0.00002570
T5: 0.00002695

Stop: 0.00002175

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R:R: 4.25
Risk: 4.35%
Reward: 18.51%

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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.

註釋

We can see a nice confluence of support from two Fibs and daily horizontal support. This is when I entered the trade. This entry provided a great Risk:Reward setup!