DENTUSDT ⚛️ Long Term Spot Idea
Updated
What's up guys! Crazy moment we're living in the Crypto Market these days. BTC halving coming really soon and things could get really volatile real quick! It's really a great moment to have a plan of action to protect your assets.
Alright, so I've been asked to share my idea for DENT crypto coin and this is my plan of action.
1) DENT has been in a strong accumultion range for a long time and if you take a look at the bigger picture, you'll notice that it still is stuck in the range. I've marked the zones of this range with big yellow rectangles as shown in the chart.
2) When and where to buy? The best possible area is the lower band of the range but for that we would need a drop in the market which could have already been triggered after touching the resistance band of the range. The other way is wait for the proper confirmation that DENT got activated by buyers and enter at the breakout of the resistance zone which is also marked in the chart with some buy icons.
Optimal buy zone: 0.000479 - 0.000800
Second chance buy zone: Break and re-test of resistance from the range at about 0.002800
For the second chance, price entry won't feel as a sniper entry but still is early for the profits you are aiming for.
3) Where to take profits? There are 2 major zones but the most magnet wise that DENT has it's 0.01200 because in the bigger picture this is a critical round number area which price pierced through and then re-tested as resistance so this means it's a level that actually turned support then resistance which is wildly known as a FLIP ZONE in technical analysis. That's why I believe price is going to get some reaction for sure to this level.
Now, if you've got diamond hands then HODL DENT might not only re-test ATH but in the upcoming bull run, DENT will be making newer higher highs and breaking out the ATH for sure. However, we don't know HOW LONG is going to take until this plays out but most likely by 2025.
I hope you found this idea helpful.
Tip of the Day: Don't freak out if things don't go your way. Just take a breather, take a walk, have some fresh air and come back calmer. You'll definitely be making better decisions when you have a clear and calmer state of mind.
As always, keep it Shiny ⚛️
Kina, The Girly Trader
Alright, so I've been asked to share my idea for DENT crypto coin and this is my plan of action.
1) DENT has been in a strong accumultion range for a long time and if you take a look at the bigger picture, you'll notice that it still is stuck in the range. I've marked the zones of this range with big yellow rectangles as shown in the chart.
2) When and where to buy? The best possible area is the lower band of the range but for that we would need a drop in the market which could have already been triggered after touching the resistance band of the range. The other way is wait for the proper confirmation that DENT got activated by buyers and enter at the breakout of the resistance zone which is also marked in the chart with some buy icons.
Optimal buy zone: 0.000479 - 0.000800
Second chance buy zone: Break and re-test of resistance from the range at about 0.002800
For the second chance, price entry won't feel as a sniper entry but still is early for the profits you are aiming for.
3) Where to take profits? There are 2 major zones but the most magnet wise that DENT has it's 0.01200 because in the bigger picture this is a critical round number area which price pierced through and then re-tested as resistance so this means it's a level that actually turned support then resistance which is wildly known as a FLIP ZONE in technical analysis. That's why I believe price is going to get some reaction for sure to this level.
Now, if you've got diamond hands then HODL DENT might not only re-test ATH but in the upcoming bull run, DENT will be making newer higher highs and breaking out the ATH for sure. However, we don't know HOW LONG is going to take until this plays out but most likely by 2025.
I hope you found this idea helpful.
Tip of the Day: Don't freak out if things don't go your way. Just take a breather, take a walk, have some fresh air and come back calmer. You'll definitely be making better decisions when you have a clear and calmer state of mind.
As always, keep it Shiny ⚛️
Kina, The Girly Trader
Comment
Still good to buyComment
DENT has broken down the trendline that was acting as support so we'll have another buy opportunity to enter the spot trade right to the optimal buy zone: 0.000479 - 0.000800Comment
Well it seems like the upper trendline held up pretty nicely acting as support, another close above and it would confirm the bull taking charge to resistance areaComment
Well, it's moving sideways but I think we can say it's doing a breakout and re-test parttern of this triangle here. Let's expect to see a breakout with good volume to confirm this in the short term meantimeComment
Stick stuck in a range in the bigger picture. If it keeps dropping then we can expect to catch it the next major support level which coincides with the HTFs. 0.000800 - 0.000500Wait for the right zone to get into a better positition.
Comment
Just as expected, the price dropped down into a major support zone. Now, we can see how the price is actually bouncing off of it, and I expect a bullish wave that could probably test the previous broken trendline.Comment
Slowly on the rise and probably going to meet resistance at the FVG, it was created after breaking the trendline.Comment
BUY ZONE still
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