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DAO Maker/Tether

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DAOUSDT trade ideas

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! 🚀"
Long
by CRYPTOMOJO_TA
DAOUSDT 🟢🚀 Premium Crypto Signal Alert! 📈 🔔 Signal: BUY Asset: DAOUSDT Technical Analysis: Key Entry Point: A compelling buy signal triggered at 1.10 after a strong stop and retest at the 61% Fibonacci level. Moving Average Support: Maintaining a bullish stance, DAOUSDT is trading above the 200-day moving average, reinforcing the positive trend. Secondary Buy Zone: Another potential entry point identified at 0.85, offering an additional opportunity if needed. 📊 Trade Details: Entry Point: 1.10 Secondary Entry: 0.85 (if required) Target 1: 1.40 Target 2: 1.85 📈 Trade Analysis: The 1.10 entry point aligns with a significant stop and retest at the 61% Fibonacci level, indicating a strong support zone. Continuous trading above the 200-day moving average reinforces the bullish momentum. A secondary buy zone at 0.85 provides flexibility in adapting to market conditions. 🔄 Additional Buy Zone: Be prepared to execute in the secondary buy zone (0.85) if market dynamics necessitate it. 💡 Risk Management: - Only use 5%-10% of your capital for this trade to mitigate risks. - Do not invest your full capital; it's important to diversify and manage risk exposure. - Consider setting a stop-loss at an appropriate level to protect your investment. - Regularly monitor the trade and adjust stop-loss levels as needed. 📢 Spot Trading vs. Futures: - Spot trading is a safer and more controlled approach, allowing for better risk management compared to the higher volatility and speculative nature of futures trading. - Exercise caution and consider the potential risks associated with leveraged instruments. 🚨 Disclaimer: Trading involves risks, and past performance does not guarantee future results. Exercise caution and conduct your research before making any financial decisions.
Long
by obeiibra
1
DAO 3$Hello, friends! Today I want to tell you about DAO Maker coin and its potential impact on the cryptocurrency market. DAO Maker is an innovative blockchain platform that allows creating and launching decentralized projects. DAO Maker is a meeting place for investors and startups, where investors can provide funding for startups and participate in their development. I personally believe that the DAO Maker coin has significant potential for further growth. Currently, at the level of 1.25, there is support, and I plan to buy the coin at this level.
by CHOWTRADE
DAO Is Searching For The Strong SupportCryptocurrency DAO Maker is trading bearish for the last year, but the wave structure looks like an A-B-C corrective decline that can be slowly coming to an end, ideally at the end of 2022 or beginning of 2023. From Elliott wave perspective we are already tracking a motive wave C, which should be completed by a five-wave cycle of the lower degree. In this case as an ending diagonal (wedge) formation, where final wave (5) of C can be now in play. Technically speaking, we believe that strong support may not be far away, probably here at the yearly lows, here around 1.0 level or maybe slightly lower. There's also a chance for a spike down before we will see a bullish reversal, just keep in mind that first bullish evidence is only in case if we see sharp or impulsive rebound back above 2.55 region. All the best!
Long
by ew-forecast
2
Quickpost: Massive gain potential on DAOUSDT W patternI am looking to find a entry on DAOUSDT to put on a fair amount of margin for this potential W pattern. Targeting is a simple fib draw from the swing high to the swing low price is currently putting in. The chart below shows the bullish divergence on the MACD histogram, and the RSI is tightening in a falling wedge with lots of potential for an upside move. A lot of this is predicated on my overall operation assumption that BTC has gone into accumulation. Please see the linked ideas below for more details. There are a lot of bullish formations forming on a lot of trading pairs so it makes the decision to be bullish based on all of the background information. I still need basic trade management but way less searching for indicators and divergences and the like.
Long
by This_Guhy
DAO MakerCurrently up about ~75% from the lows while the majority of the market is back to it's lows, DAO Maker is a stand out token in a sea of red over the last 30 days. Creation of higher lows suggest that there is quite a bit of strength in this trend, and when looking at the underlying utility of this token, it also suggests that an increased buying could be due to a higher volume of participation in IDOs on DAO Maker's platform. Im using a line chart in this analysis because it shows less noise when compared to a traditional candlestick chart. Significant levels are much easier to see. When looking at price, we can see that quite a few S/R levels have been broken and retested with the exception of the last level around $3. Using a break & retest strategy, it will be best to look for a position if/when price retraces back to the last significant area of value and settles there finding strong support showing signs of a reversal back to the uptrend; if there is no strength to be found there, then no trade will be taken as it may suggest a deeper drawdown. Another way to look at this would be to assume due to the strong priceaction of MakerDAO, an IDO wave will be trending again and you might want to find yourself an allocation is a next new trendy shitcoin.
by N0ST0PL0SS