Update from previous charts. Dent has been an excellent earner since first suggested entry at .0006353 (approx. 430% up ) but bravo if you've held from then because if you're trading, you probably shouldn't have)
After some consolidation we now seem to be trying to move higher.
I'm already holding a position but may be looking for more on a dip to support or potential break.
Like most Alts DENT will still be at the mercy of BTC but the channel BTC is now in should be solid for gains in the alts over the next few days. MACD 4 hr seems like it's trying to cross to the bullish side and RSI suggest maybe a quick dip needed before a push north. Also consider the volume coming in as we approach support lines.
There's an obvious sell wall at .00038000 if trading on Binance against Tether so you may want to take that into the equation if taking a position, or looking for an exit.
People still seem to use whole numbers which reduces your chances of your stop limit sell/buy order being 100% filled. If you're trying to get out .0003798 will be the ticket but the sell wall should be overrun by the FOMO if this one starts to kick so I'm not personally panicking about it, nor would I be exiting something that is 96% down on ATH during a bull market. (Yes, ATH is around 11cents USD, Double check for yourself on CMC though)
Keep an eye on BTC before taking any strong position on the alts and SL should be your friend.
As always, not financial advice, Just my thoughts and TA. Bingaz
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Congrats to those that followed. Consider your own position regarding taking profits. That's hit my personal targets for now so I've now placed a trailing SL Personal choice only and most certainly not financial advice but you're mad if you don't protect gains like this.
Thank you I really appreciate your discussion of BTC’s channel for these potentially few days... that was helpful & I hadn’t realized the ATH was 11 cents. Took profits & left a smöll noon bag. Appreciate your analysis very much.
Bingaz
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@legalCloud47911, Sounds like you played it perfectly. Well done, and cheers for the comment,
I'm in the same boat. Left a small bag to ride the waves but the original trade was highly profitable.
Gotta love leverage when the candles light the way you want.
Cheers