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🤩 Long 🟢 : Analysis of Long Trade Opportunity with Potential 60% Rally
Pair: #DEGENUSDT.P
Interval: 60
Date: 06/10/2024 16:31
Exchange: MEXC

DEGEN/USDT is currently experiencing a breakout above the resistance trendline and is trading above the 50 EMA. The current price level may indicate a potential positive movement for DEGEN. The entry point can be considered at the current market price or by waiting for a retest at $0.00722. Accumulation is suggested at $0.007 with a stop loss set at $0.00659 and leverage at 5x. Target prices are identified at $0.00853, $0.00935, $0.01010, $0.01088, and $0.01178. It is recommended to implement proper stop-loss strategies, accumulate during price dips, and maintain low leverage to mitigate the risk of liquidation. Conduct thorough research before making any investment decisions.

#DEGENUSDT.P is tradable on MEXC 🚀💰

#DEGENUSDT.P | #DEGEN | #MEXC
🤩 Long 🟢 : Analyzing an Ascending Channel Formation
Pair: #DEGENUSDT.P
Interval: 240
Date: 11/11/2024 03:18
Exchange: MEXC

The price of Degen is showing a smooth curved bottom and a developing bullish pattern. It appears to be breaking out of a triangle formation within a channel. Caution is advised to wait for a retest or retracement before considering entry.

#DEGENUSDT.P is tradable on MEXC 🚀💰

#DEGENUSDT.P | #DEGEN | #MEXC