DNT Coin is consolidating under the flat channel and seems profit-taking has just brought it down after this pullback it will bounce hard from Daily 20 ema towards the next target 0.4-0.6
below daily 20 ema we can consider a short-term bearish movement and accumulation in dnt , for now so far so good..
Fibonacci 0.5 pocket touched and bounced!
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*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
We have a flag formation from early Feb. The support and resistance lines are from the monthly channel that dates back to 2019.
Now waiting and a patience game for decent volume to give us the breakout.
This is a Trade only opportunity for me, not interested in...
DNTUSD D1: 50%+ gains BEST level TO SHORT/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: DNTUSD daily chart review
::: heavy rejection on daily chart
::: double TOP confirmed breakdown next
::: short sell rips/rallies / short...
DNT CAN REACH 0.7 SO SOON
R/R = 5
Note: This Chart does not provide financial advice.You can use the information from the Chart to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.