Update from previous charts.
Dent has been an excellent earner since first suggested entry at .0006353
(approx. 430% up ) but bravo if you've held from then because if you're trading, you probably shouldn't have)
After some consolidation we now seem to be trying to move higher.
I'm already holding a position but may be looking for more on a dip to support or potential break.
Like most Alts DENT will still be at the mercy of BTC but the channel BTC is now in should be solid for gains in the alts over the next few days.
MACD 4 hr seems like it's trying to cross to the bullish side and RSI suggest maybe a quick dip needed before a push north.
Also consider the volume coming in as we approach support lines.
There's an obvious sell wall at .00038000 if trading on Binance against Tether so you may want to take that into the equation if taking a position, or looking for an exit.
People still seem to use whole numbers which reduces your chances of your stop limit sell/buy order being 100% filled.
If you're trying to get out .0003798 will be the ticket but the sell wall should be overrun by the FOMO if this one starts to kick so I'm not personally panicking about it, nor would I be exiting something that is 96% down on ATH during a bull market. (Yes, ATH is around 11cents USD, Double check for yourself on CMC though)
Keep an eye on BTC before taking any strong position on the alts and SL should be your friend.
As always, not financial advice,
Just my thoughts and TA.
Bingaz
Dent has been an excellent earner since first suggested entry at .0006353
(approx. 430% up ) but bravo if you've held from then because if you're trading, you probably shouldn't have)
After some consolidation we now seem to be trying to move higher.
I'm already holding a position but may be looking for more on a dip to support or potential break.
Like most Alts DENT will still be at the mercy of BTC but the channel BTC is now in should be solid for gains in the alts over the next few days.
MACD 4 hr seems like it's trying to cross to the bullish side and RSI suggest maybe a quick dip needed before a push north.
Also consider the volume coming in as we approach support lines.
There's an obvious sell wall at .00038000 if trading on Binance against Tether so you may want to take that into the equation if taking a position, or looking for an exit.
People still seem to use whole numbers which reduces your chances of your stop limit sell/buy order being 100% filled.
If you're trying to get out .0003798 will be the ticket but the sell wall should be overrun by the FOMO if this one starts to kick so I'm not personally panicking about it, nor would I be exiting something that is 96% down on ATH during a bull market. (Yes, ATH is around 11cents USD, Double check for yourself on CMC though)
Keep an eye on BTC before taking any strong position on the alts and SL should be your friend.
As always, not financial advice,
Just my thoughts and TA.
Bingaz
Personal choice only and most certainly not financial advice but you're mad if you don't protect gains like this.