DCR Decred 4H Channel - DCRBTC DCRUSDT DCRUSD DCR BITCOIN dcrbnbDCR Decred 4H Channel - DCRBTC DCRUSDT DCRUSD DCR BITCOIN dcrbnb
DCRBNB
DCR/BTC (Trading @ Key Support)DCR/BTC
-The price has gone down to previous support at 1358 range
-It fell lower but manages to get above at least
-Technically, this is not good for the Bulls
-But if this level will hold for the next 1-2 weeks
-There is a high chance to retest the downward trendline resistance
-Now, the safe way to enter this market
-Is to confirm the breakout of the pattern
-You can either Buy the Breakout or wait for trendline retest
-The risk will be lowered and your reward will remain Higher
DCR/BTC (Weekly Strong Bullish RSI?)DCR/BTC
-this coin is on a strong downtrend since 2018
-but right now, the selling pressure has started decreasing
-we can see a clear bullish RSI divergence
-a resistance trendline keeps respecting
-a safe way to approach this market is to enter on breakout/retest
-you can buy once the trendline is broken
-provided the break is with good volume
-the upside potential is up to 2900 sat
-stoploss is placed under recent higher low support
Buy DCRBNB from BinanceDISCLAIMER :- This is not a financial advice.
Buy DCRBNB from Binance right now and place stop loss at 0.926 and as per 1:2 RISK-REWARD ratio, exit the position at 1.031 or at whichever price you like to. :)
Remember, always risk only 1% of your capital.
Trail stop loss once the price goes up, because it is a low market cap coin, it can be pumped/dumped within mins.
Happy Trading :)
If you have any questions/doubts, feel free to comment below.
DCRBNB - Long opportunityI love it when i find a chart with the key trend ema's all bunched up tight just below the price action, it seems to give a huge amount of support.
these are bunched as support on the 4h and 1h.
