Hello friends,
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The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders.
It's consolidating around 1.1$ level and showing positive signals at this level.
As of now, it trades at 1.18$
For those looking to enter a position:
I recommend a Dollar-Cost Averaging (DCA) strategy while setting a stop loss at 1.00$
This represents a 15% downside from the current price, and thus, provides a risk-managed entry point.
Alternatively, for a safer approach, keep an eye on the key resistance zone between 1.80$ and 2.00$ for a potential bullish breakout.
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NFA
DYOR
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Good Luck!
----------------
The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders.
It's consolidating around 1.1$ level and showing positive signals at this level.
As of now, it trades at 1.18$
For those looking to enter a position:
I recommend a Dollar-Cost Averaging (DCA) strategy while setting a stop loss at 1.00$
This represents a 15% downside from the current price, and thus, provides a risk-managed entry point.
Alternatively, for a safer approach, keep an eye on the key resistance zone between 1.80$ and 2.00$ for a potential bullish breakout.
----------------
NFA
DYOR
----------------
Good Luck!