Theta long bull run

Target: 5.667
Partial Take Profit: Monitor notifications for opportunities to take profit on the way up.
Trade Compound Range: 2.38 - 2.69
BTC Information:

In the next few hours, BTC is expected to undergo a short-term correction.
Source: Based on technical analysis and open interest trends.
S&P 500:

The market is showing a head-and-shoulders pattern with a technical breakout from the rising wedge. The favorable CPI numbers suggest that Jerome Powell (JPOW) will likely maintain interest rates in the next meeting. This scenario may stabilize the market, but portfolio managers and traders are expected to de-risk by shorting positions.
Theta Information (AI, Sound, and Video Games):

Circulation: 100% of the coin is unlocked.
Market FDV: 2.5B
24-hour Volume: 50M

Theta Overview:
Theta is a Layer 1 blockchain and decentralized infrastructure designed for video, AI, and entertainment applications. It operates as a dual network with two complementary subsystems:

Theta Blockchain: Supports payments, rewards, staking, and smart contract capabilities.
Theta Edge Network: Handles compute, storage, and delivery for video streams, AI tasks, and other use cases, including scientific simulations and financial modeling.

Native Tokens:

THETA: The staking and governance token.
TFUEL: Used for gas fees and on-chain smart contract interactions.

Next-Generation Platform:
The Theta EdgeCloud, a hybrid cloud computing platform built on a fully distributed architecture, is set to launch later in 2024.
Technical Analysis:

Weekly: Bullish (short-term potential correction expected).
Daily: Bullish.
4H: Bullish.
30M: Potential downside movement in line with the trade compound range.
Indicators:

RSI, Awesome Oscillator (AO), VWAP, VMC, and ADX all indicate bullish momentum. Weekly support and resistance (S/R) levels also support the bullish trend.

交易進行

I have entered with a small size and will compound today later

註釋

I have increased position and decreased risk.

註釋