ENTANGLE/USDT - Swing Position

3 giorni fa

Date: 09/12/24

Name: Entangle/USDT

Market cap
78.4M
1.39%
Volume (24h)
467.2K
36.02%
FDV
115.53M
Vol/Mkt Cap (24h)
0.6001%
Total supply
843M NGL
Max. supply
843M NGL
Circulating supply
572.11M NGL





Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Overall trend is bullish, Trending.
2) Current phase: Break of structure, and continuing the uptrend
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- Relatively new project for this bull cycle, Great fundamentals, overall uptrend since launch. Quite bullish. Needs a catalyst to sky rocket.
- Currently holding Previous resistance as its support and key level on Daily Time frame

Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $0.95 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation – $0.11

Trade Plans:
BUY CMP: $0.1566
DCA: CMP – $0.11

Invalidation: 0.11

Trend Based Fibionacci Targets:

Target 1: $0.784
Target 2: $ 1.539
Target 3: $ 2.47
Target 4: $ 3.046
Targer 5: $ 3.97

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **