EthanTW

DENTUSDT - Next challenge and predictable highs

Long
BINANCE:DENTUSDT   DENT / TetherUS
DENTUSDT
4H trend chart
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DENT has consolidated for around 2 months since hit $0.0085
During this consolidation, it is forming a support zone(pink rectangle)
Also, there are two downtrend lines, short-term(orange) and long-term(deep blue).
Now, price has broken out the short-term trend line, and it's really good for bull sign.

I think it will eventually take out the long-term one, and if it does, trading strategy as below.
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Profit Targets:
a) 0.006920----Fib(1)
b) 0.007771~0.008116----Fib(1.272~1.382)
c) 0.00885-----Fib(1.618)

Stop losses:
a) SL will be set up after price breaks out the upper downtrend line
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