Trading Signals for DENT

in #crypto • 18 days ago

Entry Range:

  • Long: $0.00131 - $0.00134 (on breakout above resistance).
  • Short: $0.00120 - $0.00123 (on breakdown below support).

Stop-Loss (SL):

  • Long: Below $0.00131.
  • Short: Above $0.00123.

Take Profit (TP):

  • Long: $0.00137 to $0.00150.
  • Short: $0.00115to $0.00108.

Analysis:

DENT shows signs of consolidation between $0.00120 (support) and $0.00134 (resistance), with high trading volume suggesting potential volatility. The price has attempted to test the $0.00134 level but has yet to break through. If the price sustains above this resistance, it signals a bullish breakout, offering a scalping opportunity. Conversely, a breakdown below $0.00120 suggests bearish momentum, making a short position favorable.

The current market cap of $129.33M and volume-to-market-cap ratio of 7.91% indicate active trading interest, which suits scalping strategies. However, monitor momentum indicators like RSI and MACD for confirmation of the breakout or breakdown.

#korea #kr #ko #avle #steem #cn #global
18 days ago in #crypto by
$0.00
    1 vote
    Reply 0