Dbr
DEBRIDGE Breaks Trendline – Is a Major Move Coming?BYBIT:DBRUSDT 12H chart shows a breakout above the descending trendline, indicating a potential shift in market structure. The price is currently facing the nearest resistance zone, which has acted as a key level in previous price actions.
A short-term correction from this level is likely before another major move upward. The major resistance zone above could act as the next target if the price successfully holds above this breakout level
DYOR, NFA
An underrated rocket $DBRThe project has been running for a long time. One of the few projects that bring a good income. Average commission generation per day is ~$20,000. Revenue for all time at the time of writing this review $13,178,759. A small circulating supply of tokens 1,800,000,000 from 10,000,000,000 $DBR. Capitalization at the moment is $47,847,785 At full dilution mcap $265,821,021. Token unlocks are smooth. Couldn't find out what the seed round was priced at. However, the token sale was at a fixed price for all $0.025.
I expect that before fixing profits large holders will want to attract traders' attention and contribute to the growth of the project. Pessimistically I expect around $0.25, Optimistically $0.4-$0.5
EURUSD Long countertrend at demand areaQuick counter-trend setup on the EURUSD due to the formation of a 60-min demand area inside of a daily demand area (gray). The latest leg down on the 60 min has already eaten some of the buy orders of the gray demand area but I believe there are quite some orders left. Hopefully this can produce us a 1:1 Risk:Reward winner. Entry where indicated on the chart (the gray line of the R:R profile/top of yellow area).
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrade
GBPAUD Long at demand areaThe newly established 15 minute uptrend and the broken downtrend (red trendline ) indicates that the higher timeframe's (6hr) pink support area is important and that buyers are pushing up from this area. Hopefully we can retrace down to our indicated red area and then continue the upmove, getting a small a 1:1 Risk:Reward winner, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrade