FieryTrading

🔥 DENT Quick Reversal Trade

Short
BINANCE:DENTUSDT   DENT / TetherUS
DENT has seen crazy returns over the last couple of days, beating the market by quite a margin. This trade is based on a short-term bearish Bitcoin scenario. The idea behind this trade is that DENT has much more to correct where it to fall in line with the market, thus making the bearish correction more extreme in nature.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows. Do your own due diligence.

Happy trading!
✅2021 result: +203% per week

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Comments

After this setback / correction, could we consider continuing upward?
Reply
@mikealc1, Difficult to say, could be a small bear trap. I'd wait with long term trades. If you see a good short term swing entry, good luck!
Reply
mikealc1 FieryTrading
@FieryTrading, thanks!
Reply
totally agree with the analysis
Reply
FieryTrading Stargazer_fx
@Stargazer_fx, great!
Reply
Thank you so much sir. i have bought some on the dip. you are a great teacher. :)
Reply
FieryTrading Ahmed_Boss
@Ahmed_Boss, glad to hear brother, glad you enjoy!🔥
Reply
bearish bias indeed! but lets see! thanks for sharing!
Reply
FieryTrading TopTradingSignals
@TopTradingSignals, great, thanks!
Reply
yeah you got it. looks overbought. time for a pullback now.
Reply
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