📊 **TradingView Analysis by @NebrasChart**
**DNX/USDT Short Setup Analysis**
📉 **Support and Liquidity Swap Levels:**
- Buy Zone: 0.820 - 0.738
- Strong Support: 0.738
📈 **Resistance Levels:**
- Resistance 1: 0.952
- Resistance 2: 0.980
🎯 **Potential Targets:**
1. Target 1: 0.818
2. Target 2: 0.778
3. Target 3: 0.736
4. Target 4: 0.687
5. Target 5: 0.648
📌 **Current Price: 0.950**
📊 **Technical Analysis:**
- DNX/USDT is currently approaching a significant resistance level at 0.952.
- The price consolidation suggests a possible upcoming price action.
- The strong support at 0.738 is vital for evaluating reversals or continuations.
- Multiple target levels provide traders with progressive profit-taking opportunities.
- Employing proper risk management and stop-loss strategies is crucial.
📈 **Trade Idea:**
- **Short Position Entry:** Consider initiating a short position upon a confirmed breakdown below the strong support at 0.738.
- **Targets:** Plan exits at 0.818, 0.778, 0.736, 0.687, and 0.648.
- **Stop-Loss:** Set a stop-loss above the resistance level at 0.980.
🚨 **Risk Warning:** Trading involves substantial risk and might not be suitable for all investors. Adequate risk assessment and management are imperative.
This analysis is meant for educational purposes and is not financial advice. Conduct thorough research before making any trading decisions. Good luck!
@NebrasChart 🌟
(Note: This analysis is not financial advice. Please conduct your own research before making trading decisions.)
**DNX/USDT Short Setup Analysis**
📉 **Support and Liquidity Swap Levels:**
- Buy Zone: 0.820 - 0.738
- Strong Support: 0.738
📈 **Resistance Levels:**
- Resistance 1: 0.952
- Resistance 2: 0.980
🎯 **Potential Targets:**
1. Target 1: 0.818
2. Target 2: 0.778
3. Target 3: 0.736
4. Target 4: 0.687
5. Target 5: 0.648
📌 **Current Price: 0.950**
📊 **Technical Analysis:**
- DNX/USDT is currently approaching a significant resistance level at 0.952.
- The price consolidation suggests a possible upcoming price action.
- The strong support at 0.738 is vital for evaluating reversals or continuations.
- Multiple target levels provide traders with progressive profit-taking opportunities.
- Employing proper risk management and stop-loss strategies is crucial.
📈 **Trade Idea:**
- **Short Position Entry:** Consider initiating a short position upon a confirmed breakdown below the strong support at 0.738.
- **Targets:** Plan exits at 0.818, 0.778, 0.736, 0.687, and 0.648.
- **Stop-Loss:** Set a stop-loss above the resistance level at 0.980.
🚨 **Risk Warning:** Trading involves substantial risk and might not be suitable for all investors. Adequate risk assessment and management are imperative.
This analysis is meant for educational purposes and is not financial advice. Conduct thorough research before making any trading decisions. Good luck!
@NebrasChart 🌟
(Note: This analysis is not financial advice. Please conduct your own research before making trading decisions.)