Theta seems to be ranging on the RSI around a strong support level and so is the price. There is also an upward trend line that price is bouncing off. Combine that with the fact price seems to bounce of the 20 day EMA and has done many times before I'm going to setup the following.
Entry around 7.30 SL: 6.45 (below the last low, and current tend line) TP1: 9.40 (set SL at Entry) TP2: 11.16( set SL 8.40)
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