DGBUSDT trade ideas
DGB LONG 100%+
Bottom reached? big falling wedge
When trade volume is coming first target 0.02 USD +100%
Please tell your comments on this idea, thanks!
DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅
Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process:
1. **Identify Weekly Resistance Levels:**
- Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher.
- These levels are typically points where the price reversed in the past or where it has shown a strong reaction.
2. **Confirmation:**
- Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns.
3. **Monitor Price Action:**
- Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum.
4. **Wait for a Reversal Signal:**
- Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level.
5. **Risk Management:**
- Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through.
6. **Target Profits:**
- Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio.
7. **Consider Fundamental Factors:**
- Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements.
8. **Practice Patience:**
- Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan.
9. **Risk-Reward Ratio:**
- Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success.
10. **Keep an Eye on Market Sentiment:**
- Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal.
Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
Spot #DGB #DGB is definitely something to keep an eye on. 580 days of accumulation
Currently on resistance , flip here and the next leg up is highly likely.
DGBUSDT - BULLISH OUTLOOKDGBUSDT is presenting a potential trading opportunity based on a recent price action analysis. In the 1-hour timeframe, a bullish divergence on the RSI signals a potential reversal or continuation of the bullish momentum, indicating a favorable setup for a long position.
Here's a potential trading plan based on this analysis:
Entry: Consider entering a long position at the current market price (CMP) of $0.00745.
Stop Loss (SL): Set the stop loss at $0.00710 to manage potential downside risk.
For take-profit (TP) levels, two options are available based on different risk-reward ratios:
TP 1:1: Aim to exit at = $0.00780.
TP 1:2: Consider exiting at = $0.00815.
This trade plan is designed to capitalize on the observed bullish divergence and potential trend reversal while prudently managing risk through the placement of a stop loss. As with any trading strategy, it's important to stay informed, monitor the trade closely, and be prepared to adjust your approach based on evolving market conditions.
DGBUSDTHi snipers, nothing is impossible. In the one-day time frame, the price has returned above the long-term downtrend line and the 103-day moving average. There is probably a price drop to the 103-day moving average and a re-growth of the price to high resistances. All analyzes are only possibilities.
DGBUSDT.P - SHORTDGBUSDT is trading in symmetrical triangle pattern and recently, it seems that the Buyers may be getting exhausted as the pair has started to find support within the pattern. Additionally, the current price action is forming a Bearish divergence, which suggests that Sellers may be preparing for a significant downward move.
Will the Bears regain control and push the price Lower?
DGB/UST will continue rising 💎DGB Today Analysis
💎It's charting an optimistic path, currently positioned within a demand zone and gearing up for a bullish ascent.
💎 Presently, EURONEXT:DGB firmly anchors itself at a confirmed OB level discerned in shorter time frames, hinting at a potential bullish trajectory from this point.
💎Reflecting on recent movements, we noticed a shift from demand to supply, propelling the price into a downward spiral. However, after securing buying liquidity, it seems #DigiByte primed to address the overhead bearish OB.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
DGB - Potential for further gains as long-term downtrend line
* 1D
DGB broke the long-term downtrend line that lasted for more than two years and even completed a retest.
Based on the above, TP can be set at $0.088 to $0.00923 / $0.01070 to $0.0125 / $0.01224 / $0.01337 to $0.01394.
If the short-term uptrend line deviates, it should be checked for support of $0.0717 to $0.00766.
DGB will continue rising !!!after a small correction I think DGB will continue pumping
entry: 0.0085-0.0088
TP1: 0.0095
TP2: 0.010
TP3: 0.012
SL: 0.0080
Good luck everyone!