DENTUSDT ShortDENTUSDT is currently encountering a significant resistance level, suggesting a potential short opportunity. Traders may consider the historical significance of this level and monitor for any signs of a reversal or rejection. Additionally, incorporating technical indicators and analyzing market sentiment could provide further insights to strengthen the short thesis. As always, it's crucial to implement risk management strategies and stay informed about any external factors that may influence the market.
DENTUSDT trade ideas
DENT ANALYSIS (1D)The SAND chart also seems to have completed its diametric wave F and we will soon see a drop for wave G.
The F wave of this diametric can end in the red range. We are looking for a sell/short position in the red range
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DENT 1hr 5x Long DENT 1hr 5x Long
enter at current price
lower entries 0.000852 / 0.000842 / 0.000838
stop loss 0.000822
targets 0.000878 / 0.000902 / 0.000947
Bullish Divergence playing out on the Daily Time Frame
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
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DENTUSDT is inside a pennantDENTUSDT is currently forming a pennant pattern above the significant weekly support level at 0.000590. This pattern suggests a period of consolidation and indecision in the market, where the price is coiling within a narrowing range.
According to Plancton's trading principles, which are widely respected in the trading community, the price's behavior in this scenario may present an opportunity for a new short position. Here's how this strategy might play out:
Pennant Formation: The pennant pattern is characterized by converging trendlines, indicating a temporary pause in the prevailing trend. This often leads to a breakout, although the direction is not immediately clear.
Weekly Support: The fact that the price is hovering above the weekly support level at 0.000590 is noteworthy. This level has historically been a significant point of interest for traders, and it's currently acting as a key price reference.
Liquidity Grab: Plancton's strategy often involves waiting for the price to make a move that seems like it could grab liquidity from one level and reach another. In this case, if the price moves downward from the pennant formation, it could be attempting to reach the weekly support level, thus "grabbing" liquidity from the daily resistance.
New Short Position: If the price does indeed break out of the pennant formation to the downside and heads toward the weekly support at 0.000590, it aligns with the conditions suggested by Plancton's rules for a new short position. This strategy assumes that the price may experience a bearish move from this point, and traders would look to capitalize on this potential downward momentum.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
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DENT ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SEL/SHORT the DENT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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