DENT / TetherUSLong
DENT USDT Descending triangle
Based on my TA on the weekly TF, DENT is forming a descending triangle, and currently is forming higher highs and higher lows. and its trading above the 50MA
I'd enter with a confirmation on the daily 2-3 candle sticks above $0.0068 most probably enter around $0.0069
with a SL = $0.006236
TP1: $0.0087
TP2: $0.011
TP3: $0.0139
TP4: $0.01736
TP5: $0.0226
*market structure was determined on the weekly TF
*Entry and TP points were determined on the daily TF
What do you think of this trade?
I'd enter with a confirmation on the daily 2-3 candle sticks above $0.0068 most probably enter around $0.0069
with a SL = $0.006236
TP1: $0.0087
TP2: $0.011
TP3: $0.0139
TP4: $0.01736
TP5: $0.0226
*market structure was determined on the weekly TF
*Entry and TP points were determined on the daily TF
What do you think of this trade?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.