District0x Showing Signs of Turnaround
Updated
District0x (DNT) is showing signs of its retrace against btc slowing and switching directions. Volume has decreased pending a directional decision and will increase greatly once the move is decided. The price is currently indisputably supported by a long term trend line that has proved its strength repeatedly. Furthermore, coinciding with this trend line is the past ATH marked by the 100% fib line. Target is the recently formed downtrend line at 2300 sats, coinciding with the 1.618 fib line.
Entry: 1515 sats
Target: 2300 sats
Stop Loss: 1440 sats (break of uptrend line and local lows)
Entry: 1515 sats
Target: 2300 sats
Stop Loss: 1440 sats (break of uptrend line and local lows)
Trade closed: stop reached
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