DENTUSDT - Good entry timing after that

2021年10月26日

DENTUSDT
1H trend chart
-
DENT has broken out a downtrend line, but got resisted further.
It is consolidating as a descending wedge, and there is an obvious zone around Fib(0.618).
If price can break out the upper downtrend line, trading strategy as below.
-
Profit Targets:
a) 0.006920----Fib(1)
b) 0.007775~0.008120----Fib(1.272~1.382)
c) 0.008862-----Fib(1.618)

Stop losses:
a) 0.005632-----Red horizontal line
-
If you like this analysis, smash the like button and leave a comment below to share your thoughts
or let me know what crypto you want to see!

Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!