Trading Strategy for #DAO/USDT Amidst Falling Wedge Breakout and
"📈 #DAO/USDT Chart Update: Breakout from Falling Wedge, Retest Underway 🚀
The DAO token has recently broken out of a falling wedge pattern, signaling a potential reversal and bullish momentum. Currently in the retest phase, this presents an entry opportunity for traders.
🔍 Entry Strategy:
Planning to buy at the current market price (CMP) and considering additional purchases at 1.09$ during the retest.
🎯 Targets:
TP1: 1.26$
TP2: 1.33$
TP3: 1.5$
TP4: 1.8$
🛑 Stop Loss (SL):
Set at 1.0292$ to mitigate potential losses in case of adverse price movements.
It's crucial to emphasize the importance of conducting your own research (DYOR) before making any trading decisions. This information is provided for analysis purposes and not as financial advice. Stay informed and trade responsibly! 🚀"
The DAO token has recently broken out of a falling wedge pattern, signaling a potential reversal and bullish momentum. Currently in the retest phase, this presents an entry opportunity for traders.
🔍 Entry Strategy:
Planning to buy at the current market price (CMP) and considering additional purchases at 1.09$ during the retest.
🎯 Targets:
TP1: 1.26$
TP2: 1.33$
TP3: 1.5$
TP4: 1.8$
🛑 Stop Loss (SL):
Set at 1.0292$ to mitigate potential losses in case of adverse price movements.
It's crucial to emphasize the importance of conducting your own research (DYOR) before making any trading decisions. This information is provided for analysis purposes and not as financial advice. Stay informed and trade responsibly! 🚀"
Trade closed: target reached:
Target 1 ✅
