Trading Strategy for #DAO/USDT Amidst Falling Wedge Breakout and"📈 #DAO/USDT Chart Update: Breakout from Falling Wedge, Retest Underway 🚀
The DAO token has recently broken out of a falling wedge pattern, signaling a potential reversal and bullish momentum. Currently in the retest phase, this presents an entry opportunity for traders.
🔍 Entry Strategy:
Planning to buy at the current market price (CMP) and considering additional purchases at 1.09$ during the retest.
🎯 Targets:
TP1: 1.26$
TP2: 1.33$
TP3: 1.5$
TP4: 1.8$
🛑 Stop Loss (SL):
Set at 1.0292$ to mitigate potential losses in case of adverse price movements.
It's crucial to emphasize the importance of conducting your own research (DYOR) before making any trading decisions. This information is provided for analysis purposes and not as financial advice. Stay informed and trade responsibly! 🚀"
Daousdtlong
Wait for this digital currency to explode🔵 This digital currency entered a correction phase in time frame D, as it is clear, after a spike move.
Price in this chart in the correction phase completed its reverse shoulder pattern and passed the trigger (neckline) well and completed its pullback to this trigger according to the picture.
We expect from the price for this currency is that it can resume its growth from here and up to the PRZ range AB = CD pattern
Which overlaps with the target of the reverse pattern, ie price (5.2)
DAO to DO it! Dao rebounds off support and heads upwardJust DAOn't do it, DAO it. Dao is headed for a nice little spike indicated by a mini rebound off resistance and a trend upwards to the next level. If you're the cautious type, wait until it breaks the nearest level to make your bet. Stochastics also indicate it's buying time.
Remember, if I'm right and you're wrong that doesn't make you a worse person, it just makes me less wronger.
DAO Maker Could Drop As Low As $4.81 During This CorrectionI'm looking at the DAO/USDT chart and making an educated guess on the bottom for DAO Maker during this correction.
My buy target will be set just above $5 to give a little cushion, but I believe that this could drop down to $4.81 if BTC continues down to $47k or even $43k over the next few days.
It's a great buy for the long-term as they are only just getting started with their growth plans and marketing.
Grab some at $5 if you can and enjoy the next run up!