THETAUSDT Long Getting Close to First Major TP Area. Entered long on the blue line, Red line is SL, and the two green lines are the two major Take Profit levels. Have been slowly scaling out though to secure profits.
How did you come up with 10.44?
FIB ext? Or Measured move?
If FIB, what are your anchor points?
Thanks
cryptotraderog
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@CharlesAbernathy, hi, depends on the situation. It’s usually a combination of fib, measured move, risk reward ratio, any signifier levels nearby, atr, etc. in this case, as this was in price discovery mode, I aimed for 2:1 RRR