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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