DIONE/USDT is showing promising signs of continuing its uptrend. The chart reveals a breakout from two key descending triangle patterns, suggesting further bullish movement in the near future. Currently trading at 0.008192 USDT, reflecting a 13% increase.
Two Scenarios:
Buy 30% at the current market price (CMP) and wait for one of the scenarios below to play out:
- Scenario 1 (S1): If the price maintains stability at this level, we could see a bounce that propels the price higher. - Scenario 2 (S2): This level is critical for sustaining the overall bullish trend. A retest at this level can provide an optimal entry point.
Historical patterns show strong price movements, with previous breakouts delivering gains of 2,510% and 602%. This suggests the potential for future targets at the upper resistance level of $0.0436, which represents nearly 432% gains from the current market price.
Trade Idea:
Entry: $0.0062 to $0.0082 Targets: $0.0122, $0.0167, $0.0265, $0.0295, $0.0322, $0.0387, $0.0432 Stop Loss (SL): No specific stop-loss; the aim is to accumulate as low as possible.
Keep a close watch on these levels for potential entries. A retest of Support 1 or Support 2 could present a favourable opportunity to position yourself in the market.
If you find this analysis helpful, please hit the like button to support my content and share it with your friends.
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.