Breaking: DeepBook Protocol ($DEEP) Surged 28% Amid Bullish FlagThe price DeepBook Protocol ( AMEX:DEEP ) token saw a notable uptick of 28% today amidst breaking out of a bullish flag pattern.
Built on the Sui blockchain, AMEX:DEEP coin has been on a bullish streak for the past 7 days with an uptick of 213.26% in 24 hours trading volume today. Similarly, the asset's market cap has risen 21.41% to reclaim the $700 million market cap.
As of the time of writing, AMEX:DEEP coin is up 6.23% trading within a bullish flag pattern. This altcoin has already broken the ceiling of the flag gearing for 80% surge.
About DeepBook Protocol
DeepBook is a decentralized central limit order book (CLOB) built on Sui. DeepBook leverages Sui's parallel execution and low transaction fees to bring a highly performant, low-latency exchange on chain. DeepBook’s main competitive edge is that it is fully on-chain.
DeepBook Protocol Price Data
The DeepBook Protocol price today is $0.234722 USD with a 24-hour trading volume of $465,843,629 USD. DeepBook Protocol is up 24.02% in the last 24 hours. The current CoinMarketCap ranking is #94, with a market cap of $717,779,555 USD. It has a circulating supply of 3,058,000,000 DEEP coins and a max. supply of 10,000,000,000 DEEP coins.
Deepbook
Long I use two time frames and momentum indicators to identify the timing of the entry.
Daily stochastic had reset and started to move to the upside. Stochastic in the higher time frame is a signal for me it is time to start looking for an entry in a direction of the indicator in the lower time frame.
I use MACD in the lower time frame. 4H MACD have crossed, is sloping upwards and now entering the bull zone. It is a good place for me to enter long.
I don’t trade with leverage. I buy spot.
The way I take profit is when 4H/Daily MACD or RSI is going to form a clear negative divergence.