DCR/BTC
-The price has gone down to previous support at 1358 range
-It fell lower but manages to get above at least
-Technically, this is not good for the Bulls
-But if this level will hold for the next 1-2 weeks
-There is a high chance to retest the downward trendline resistance
-Now, the safe way to enter this market
-Is to confirm the breakout of the...
DCR/BTC
-this coin is on a strong downtrend since 2018
-but right now, the selling pressure has started decreasing
-we can see a clear bullish RSI divergence
-a resistance trendline keeps respecting
-a safe way to approach this market is to enter on breakout/retest
-you can buy once the trendline is broken
-provided the break is with good volume
-the upside...
DISCLAIMER :- This is not a financial advice.
Buy DCRBNB from Binance right now and place stop loss at 0.926 and as per 1:2 RISK-REWARD ratio, exit the position at 1.031 or at whichever price you like to. :)
Remember, always risk only 1% of your capital.
Trail stop loss once the price goes up, because it is a low market cap coin, it can be pumped/dumped...
I love it when i find a chart with the key trend ema's all bunched up tight just below the price action, it seems to give a huge amount of support.
these are bunched as support on the 4h and 1h.
