DIONE/USDT Trade Setup! , 450%+ Potential Gains ahead!$DIONE/USDT is showing promising signs of continuing its uptrend. The chart reveals a breakout from two key descending triangle patterns, suggesting further bullish movement in the near future.
Currently trading at 0.008192 USDT, reflecting a 13% increase.
Two Scenarios:
Buy 30% at the current market price (CMP) and wait for one of the scenarios below to play out:
- Scenario 1 (S1): If the price maintains stability at this level, we could see a bounce that propels the price higher.
- Scenario 2 (S2): This level is critical for sustaining the overall bullish trend. A retest at this level can provide an optimal entry point.
Historical patterns show strong price movements, with previous breakouts delivering gains of 2,510% and 602%.
This suggests the potential for future targets at the upper resistance level of $0.0436, which represents nearly 432% gains from the current market price.
Trade Idea:
Entry: $0.0062 to $0.0082
Targets: $0.0122, $0.0167, $0.0265, $0.0295, $0.0322, $0.0387, $0.0432
Stop Loss (SL): No specific stop-loss; the aim is to accumulate as low as possible.
Keep a close watch on these levels for potential entries. A retest of Support 1 or Support 2 could present a favourable opportunity to position yourself in the market.
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DIONEUSD
DIONEUSDT at weekly support, likely to bounce and head to 0.012The price has hit the weekly support WS1. It is likely that the price will bounce from here towards weekly resistance WR1. This has good run since beginning of the last year resulting into 50x gains. But since the start of the second quarter of 2024, it is correction mode. And now it has dropped significantly from the high it has made still being lots up from the price it was trading last year. Since it is on weekly support, a bounce is definitely expected, creating opportunit for a long. The target will be weekly resistance first and depending on the price action while it hits the WR1, one can adjust the trade targets. In case it loses Ws1 level, monthly support MS1 will come into the picture to save it from falling further down. But as mentioned earlier, the probability of a bounce towards WR1 is higher than a breakdown here.