DENT (DENT) 100x to 7 cents

On the above weekly chart price action has corrected almost 99% since April 2021. A number of reasons now exist to be long. They include:

1) Price action and RSI resistance breakouts.

2) Trend reversal. Higher highs higher lows replace lower highs lower lows.

3) Support and resistance (green channel). Price action confirms support on past resistance.

4) A hammer candle prints on the weekly support and the 21-week EMA.

5) The target area is measured as price action prints a macro flag pattern. A measured move from the flagpole takes price action to 7 cents from the breakout. 100x

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <= 6%
Timeframe for long: Remainder of March 2024
Return: 4000% from current levels

Dagangan aktif:

Past resistance confirms support. On Multiple time frames.

The next move could be impulsive just like FARM. Don't be the one of many folks who messages me with "I missed this one, do you think it will test the low again?"