MDTUSDT trade ideas
🆓Measurable Data Token (MDT) Jan-05 #MDT $MDTMDT is in a downtrend after a strong increase in December and the support we can start buying in for a rally is $0.10
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.1$ zone
🔴Buy : 0.1
🔴Sell : 0.115 - 0.13 - 0.16
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.1$ zone
🔵Sell : 0.1
🔵Buy : 0.08
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
MDT 2XMeasurable Data Token is an incredibly unique protocol which allows users to both own and earn from their own data. Over and over again the term "data is the asset class" is stated within a slew of new blockchain protocols, unsurprisingly. These data protocols, at least as seen with MDT are far less dependent on the volatility of Bitcoin.
In this case entry between a 33% speedline retracement at .0806 and prior daily support of .0742. Recently added to Coinbase after prior being available on Gate and other large to small but less reliable exchanges with less liquidity, it appears to be settling into a pattern, albeit expedited still. SL being kept at 5% below the lower buy zone, but preferably no daily close at 3% below or .072. If so will look for new entry closer to prior trend line.
Currently up 11% on the daily would layer bids with significantly closer to the lower end of buy zone of .0742. Will be my second go round with this token but use case warrants it and a target of .1612 is not at all out of the question.
Ichimoku Cloud - When to Buy or Sell?Example of Ichimoku Cloud and how to trade:
1. If price is above cloud then we look for longs
2. If price is below cloud then we look for shorts
3. If price goes above base line + above cloud, it is BUY Signal
4. If price goes below base line + below cloud, it is Sell Signal
5. You can also use EMA or MA, and create second layer of Strong buy and Strong sell, e.g. if Base line Crosses EMA 50 then it is Buy, if price is above cloud, opposite is also true
6. Once you get BUY, then you can enter, or wait for retest and then enter base don pivot levels
7. You can use Falcon CCI (Free Indicator) on Trading View for further buy signal
Falcon CCI Indicator that I made can be checked here:
You can use these concepts in screener and make a perfect screener that can short list crypto for you that can actually move based on your time frame.
Some conditions that you can try in screener:
Ichimoku Span A is greater than Ichimoku Span B
Open crosses Span A
Conversion line crosses up Base Line