DGBUSDT trade ideas
DGB/USDTDGB is now at the daily support zone. This is a good setup with high risk reward ratio. The upside potential is high from here. The major resistance zone is $0.0495-$0.05 and we will see a good move if DGB break this level.
Buy Zone: $0.037 - $0.0385
Target: $0.042 - $0.0455 - $0.0495 - $0.0545 - $0.0597 - $0.0654 - $0.072 - $0.0785 - $0.0865 - $0.0943 - $0.104 - $0.115 - $0.123
🆓DigiByte (DGB) June-25 #DGB $DGBDGB is having a pretty strong support at $0.038 zone and it is heading towards the $0.05 and $0.065 zones. But if it loses the $0.038 zone, it will have a drop to the $0.03 zone, which is very reliable to buy in.
📈BUY
🔴Buy : 0.037-0.039$. SL if B
📉SELL
🔴Sell : 0.0485-0.0515$. SL if A
🔴Sell : 0.0635-0.0665$. SL if A
♻️BACK-UP
🔵Sell : 0.037-0.039$ if B. SL if A
🔵Buy : 0.029-0.031$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
$DGB/USDT 8h (Binance Futures) Descending trendline breakoutDigiByte has broken out bullish and volume is increasing, we expect it to keep going up!
Current Price= 0.07276
Buy Entry= 0.07260 - 0.06760
Take Profit= 0.09710 | 0.12790 | 0.18230
Stop Loss= 0.05657
Risk/Reward= 1:2 | 1:4.27 | 1:8.29
Expected Profit= +38.52% | +82.45% | +160.06%
Possible Loss= -19.30%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
DigiByte (DGB) formed big Shark for upto 380% big moveHi, dear patrons, hope you are well and welcome to the new update on DigiByte (DGB).
On the 4-day chart, the price action of DGB has completed the formation of the Shark pattern. There is also 50 simple moving average support in the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.0624 to $0.0315
Sell between: $0.09 to $0.1520
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $0.0315.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 380%, and a high loss possibility up to 50%, therefore to minimize the loss factor we can use the 50 SMA as support.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DGB break out tradeBreak-out long trade for DGBUSDT.
Enter : $0.075 when supply line has been broken ( and confirmed support)
Keep in mind there is a possibility price could come down first to the demand line around $0.055 and make a higher low, if that is the case entry should be around that area with the stop loss below D
Stop loss: $0.0625, below last low
TP1 : $0.01230 (0.786 B-D)
TP2 : $0.0156 (0.786 C-D)
(TP3 : between ATH and $0.25)
Risk warning, volatility is rising so make sure you put in a stop loss.
No FA DYOR