LONG #THETA USDT from $2.2416 stop loss $2.0589
1h TF. slows down the downward movement at the support zone of 2.00, coinciding with the lower boundary of the descending channel. The growth of volumes at the minimums signals the interest of buyers and the possible accumulation of positions. A reversal pattern is formed, for example, a "double bottom", increasing the likelihood of an upward correction. To confirm the growth, it is necessary to break through 2.40 (the upper boundary of the channel and the liquidity zone), which will change the market structure. Holding above 2.20 and consolidating above 2.40 will open targets at liquidity levels of 2.50 and higher. The current dynamics remain positive, but the reaction to 2.40 remains key.
Take profits:
TP1: 2.34 - the nearest liquidity and FVG.
TP2: 2.45 - order block zone.
TP3: 2.81 — upper channel border.
Open trade 👇$THETA
