ENTANGLE/USDT - Swing Position
Date: 09/12/24
Name: Entangle/USDT
Market cap
78.4M
1.39%
Volume (24h)
467.2K
36.02%
FDV
115.53M
Vol/Mkt Cap (24h)
0.6001%
Total supply
843M NGL
Max. supply
843M NGL
Circulating supply
572.11M NGL
Daily Time Frame – Swing Position – Long!
Reasons to be Bullish Case:
1) Structure: Overall trend is bullish, Trending.
2) Current phase: Break of structure, and continuing the uptrend
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- Relatively new project for this bull cycle, Great fundamentals, overall uptrend since launch. Quite bullish. Needs a catalyst to sky rocket.
- Currently holding Previous resistance as its support and key level on Daily Time frame
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $0.95 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation – $0.11
Trade Plans:
BUY CMP: $0.1566
DCA:
CMP – $0.11Invalidation: 0.11
Trend Based Fibionacci Targets:
Target 1: $0.784
Target 2: $ 1.539
Target 3: $ 2.47
Target 4: $ 3.046
Targer 5: $ 3.97
**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
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.