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DENT / TetherUS

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DENTUSDT trade ideas

Should believe in News or Technical analysis? by DENT DEFIBINANCE:DENTUSDT 4H trend chart - Influence of News You must have the same experience...News coming everywhere day and night. It might be just a "news" for a child, salaried man or a retired man who is having a tea leisurely right now. However, we are all in a amazing, astonishing and terrifying market, depended on what the news is! Reminiscing Elon's twitter, Trump's mouth or a barrel of crude oil, all of them sharply affected stocks and cryptocurrency you hold. These phenomenon occur every day, every month, and every year, even over the next decades. Recently, DENT said DEFI is coming! Obviously, price rallied rapidly by this news and accumulated high volume on 9/28 But pullback was followed soon. Here, during the bumpy ride, you will choose to believe News and hold DENT or sell it from panic? So, What would you do while seeing These News in future? Technical Analysis Technical analysis is a method to classify, conclude the pattern from candlestick, based on Big Data and Statistic. Like chance, it'd not provide you 100% to take profit, but could indicate the direction and trend for you to see clearly. It's all-embracing, including chart patterns, price trends, moving averages/momentum...etc. Although there are many methods and theories, what you need is the easy way and the one you like. (we can discuss TA deeper in future) As DENT trend chart, obvious Trend line/Darvas box/Resistance zone are easily showing through analyses. It appropriately provides you reference and direction to decide your trading strategies. So, we could trust technical analysis totally? - Conclusion From my perspective, study and identify of News is the way to know a new commodity or tech or cryptocurrency. Once you're interested in them, try to realize what it really is and how it processes. While you wanna trade these product after study, technical analysis is the best tool to assist you. You could even major on it to identify, judge and evaluate the price. Because what you see on the chart and the real result you eventually gain are the truth and real, no matter what comes from Elon's twitter or Any key of leaders' post/mouths. Trading is a reflection of yourself, sometimes you need to take a step back to see more. Learn more daily and Be ready for any opportunities daily. Have a nice trading day guys!
by EthanTW
DENT USDT LONG----BUY#DENTUSDT Update: $DENTcurrently trading at $0.004371 And $0.005121 is the next resistance. But I think there's a correction. So what now..? If DENT breaks the $0.003042 support level then DENT is entered in a bearish zone. My Levels: SPOT LEERAGE:1 Support: 0.005121$____0.005657$____0.07810$____0.008988$____0.01389$ Resistance: 0.003654$____0.003042$ entry price:(0.005121____0.003654$) targets:0.01389 SL:0.03020 Must follow me for the latest crypto real-time updates. good luck :)
Long
by ershadAAK
DENT to consolidate for the next bull runI expect BINANCE:DENTUSDT to trend down in to the red lines in the next days, consolidate in the region possibly a couple of months, then I think that 0.0089 could be the 1st target. If there will be an uptrend to that level, the next target could be 0.013. The main matter will be whether and how it will consolidate or not. I will be monitoring this one for a long term investment opportunity though it is not a financial advice to anyone .
Long
by Trader_Geist
descending channel + possible reversal trendHello Traders , Dent is facing downward trend , we have a great support ( demand zone ) on 0.004500$ 0.004800$ price action is respecting this area 2 scenarios are possible even breakdown to below support after 0.004500$ or breakout above strong resistance 0.005300$ making a new LH Confirmation is a must at this level to confirm any reversal upward trend, Overall i am bullish , until now its a bearish mode setup Don't forget your stop loss! Good luck!
Long
by Johnny_a88