DENTUSDT trade ideas
DENTUSDT waiting for the breakout! 🦐The price is testing the descending trendline. IF the price will have a breakout,According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DENT// UpdatePrice is approaching a key area of value. We have a long term up-trend line and a short term downtrend line. From here, whether long or short, this would be the optimal area to do so to get the best R:R.
Seeing that we are still in a bull run, and the current overall trend for ALT coins, I'd say it is expected that $DENT appreciates at some point in the near future. However the possibility to continue downwards is still present.
Depending on how you draw your Fibs, price finds S/R at different levels however they all suggest a move up when taking into account everything else.
Dent Possible bull patternAfter breakout from the downtrend as shown, dent came back down to retest the last high of its previous downtrend. We observe in this final hours that the price has been tested and held multiple times, and from dent is finally ready to move upward to close its next valley if its able to move above its current price.
This is not a financial advice, but this would be a great time to buy some dent