DASH:USD Wyckoff Accumulation, LONG, Markup is coming...
Updated
These mid- large caps have been frustratingly slow compared to all the action we've seen in the hot DeFi projects. But since DASH has undergone a large Wyckoff Accumulation; I'm predicting there's a large markup period still to come. It's proven difficult to time DASH this cycle (along with similar charts- EOS, LTC, BCH etc) so rather than try and time it; I'm trading this as a longer term investment. Entered at ~ $90 but I'm considering adding or taking another short-Mid term trade around here. The opportunity for a relatively quick (<6 months) trade back to the top of the range at $495 has a potential for + 190% profit... Tempting.
Short-Mid term trade:
Entry: $110 -$220
Stop: $74
Target: $495
Long term investment:
Entry: $110 -$220
Stop: ZERO- I have sized my position to allow for complete loss of investment. < 1% of portfolio.
Target: $20,000 😂 - I know; sounds stupid. But that's the target the chart is giving me. All or nothing for this one.
Checkout how the Wyckoff Accumulation pattern played out for VeChein (linked Below)
Never Trust. Verify.
D.Y.O.R. Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Short-Mid term trade:
Entry: $110 -$220
Stop: $74
Target: $495
Long term investment:
Entry: $110 -$220
Stop: ZERO- I have sized my position to allow for complete loss of investment. < 1% of portfolio.
Target: $20,000 😂 - I know; sounds stupid. But that's the target the chart is giving me. All or nothing for this one.
Checkout how the Wyckoff Accumulation pattern played out for VeChein (linked Below)
Never Trust. Verify.
D.Y.O.R. Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Note
Awesome to see this pump from DASH but I'm not liking how it was rejected so quickly...
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