Hello friends,
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The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders.
It's consolidating around 1.1$ level and showing positive signals at this level.
As of now, it trades at 1.18$
For those looking to enter a position:
I recommend a Dollar-Cost Averaging (DCA) strategy while setting a stop loss at 1.00$
This represents a 15% downside from the current price, and thus, provides a risk-managed entry point.
Alternatively, for a safer approach, keep an eye on the key resistance zone between 1.80$ and 2.00$ for a potential bullish breakout.
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NFA
DYOR
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Good Luck!
----------------
The current levels of THORChain present an interesting opportunity for both long-term investors and swing traders.
It's consolidating around 1.1$ level and showing positive signals at this level.
As of now, it trades at 1.18$
For those looking to enter a position:
I recommend a Dollar-Cost Averaging (DCA) strategy while setting a stop loss at 1.00$
This represents a 15% downside from the current price, and thus, provides a risk-managed entry point.
Alternatively, for a safer approach, keep an eye on the key resistance zone between 1.80$ and 2.00$ for a potential bullish breakout.
----------------
NFA
DYOR
----------------
Good Luck!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.