DPET, the undervalued token! [Low-risk Setup]The DPET token is the main in-game currency of My De-Fi Pet and an integral part of the game. You can earn DPET tokens by playing the game and completing missions. The tokens are used for breeding/evolving monsters, summoning new eggs, and enter special events.
I believe $DPET is forming an ascending channel pattern. Any price under $3 is a good buy area. I am anticipating it will hit $3.5 in the short-term, $4.8 in the medium-term and $7 in the long-term. This analysis is suitable for swing traders and long-term traders.
Entry: $2-$3
TP 1: $3.5
TP 2: $4.8
TP 3: $7
Additional Information: The dashed green line is the support and resistance in the weekly chart.
The idea published is not a financial advice. The content of this idea is solely the opinion of me who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. This does not guarantee any particular outcome. Always DYOR (Do Your Own Research) and trade at your own risk.
Let me know your insights in the comment section. Give this work a thumbs up if you appreciated my work. Smash that follow button for more upcoming low-risk setups! Thank you so much in advance.
You can buy DPET token under the Binance Smart Chain, PancakeSwap, and Kucoin.
Good luck,
Alexis
