beveiliging1997

A Christmas thats not only festive but financially green aswell?

Long
beveiliging1997 Updated   
BINANCE:DENTUSDT.P   DENT / TetherUS PERPETUAL CONTRACT
I believe I've uncovered this month's hidden gem – and while there's always an element of risk, the potential rewards are nothing short of astonishing. After meticulous number-crunching and chart analysis, the results are nothing short of spectacular. Are we in for a Christmas that's not only festive but financially green as well? In this trading journey, taking a calculated risk can bring forth bountiful rewards. Join me, where we'll navigate this exciting trade together!
Comment:

Currently holding the impressive number 2 spot in terms of trading volume on Binance, and showing signs of bottoming out for the month.
Comment:
If you're unable to access Binance, you can also consider picking some up on Bybit.
Comment:
Massive trading volume, and it's evident we are trying to put in a bottom. Its a intriguing opportunity – it appears to present an ideal entry point with minimal risk. The worst-case scenario might be a dip to 300 sats, but historically, such a drastic move seems improbable.

For a more confident approach, consider the correlation with the top-volume coins their market structure. Most endured a 7-month downtrend, almost matching their historical downtrend length of 8 and made three determined attempts to break their market struture & pattern after establishing their third pivot points locking in the current down trends

With the crrent formation of doji candles, we have a degree of market uncertainty. My intuition suggests we might witness a price action similar to what STMX experiencing in terms of its current price by the end of the week where we can re-evaluate.

The wedge structure on the other hand aligns with several old-school cap coins that have already broken free from their wedges.

However, it's vital to be aware that if we don't see movement in the near term, there could be a potential risk of delisting from major exchanges and said dump to 300 sat BUT, considering historical trends, such an outcome seems highly unlikely. Let's dive deeper, review, and share this valuable insight – it has the potential to trigger the momentum we're looking for!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.