Trade Summary
Setup: Ascending triangle holding support; eyeing breakout above recent highs
Entry: Trigger on daily close above $25
Stop‑loss: Below $22.50 (today’s low)
Targets: $30–31 first; $45 (analyst price target) if momentum continues
Risk/Reward: ~2.0 to first target, >4.0 to analyst target
Technical Rationale
Strong horizontal support: $22–23 zone tested and held
Ascending triangle: Higher lows converging on flat resistance, classic bullish pattern
Daily timeframe: Clear structure, with volume picking up on green days
Catalysts & Context
Analyst target at $45, well above current price
Momentum meter: Strong buy reading showing on dashboard
Sector buzz: DeFi stocks showing relative strength; macro risk appetite returning
Trade Management Plan
Entry: On daily close above $25
Stop‑loss: Below $22.50; trail to breakeven if price hits $30
Scaling: Take partial profit at $31, leave runner for $45 if breakout accelerates
What’s your view? Are you watching DFDV? Comment below or vote:
🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation
*** Follow us now so to make sure you don't miss the next big setup ***
Disclaimer: Not financial advice. Trade at your own risk.
Setup: Ascending triangle holding support; eyeing breakout above recent highs
Entry: Trigger on daily close above $25
Stop‑loss: Below $22.50 (today’s low)
Targets: $30–31 first; $45 (analyst price target) if momentum continues
Risk/Reward: ~2.0 to first target, >4.0 to analyst target
Technical Rationale
Strong horizontal support: $22–23 zone tested and held
Ascending triangle: Higher lows converging on flat resistance, classic bullish pattern
Daily timeframe: Clear structure, with volume picking up on green days
Catalysts & Context
Analyst target at $45, well above current price
Momentum meter: Strong buy reading showing on dashboard
Sector buzz: DeFi stocks showing relative strength; macro risk appetite returning
Trade Management Plan
Entry: On daily close above $25
Stop‑loss: Below $22.50; trail to breakeven if price hits $30
Scaling: Take partial profit at $31, leave runner for $45 if breakout accelerates
What’s your view? Are you watching DFDV? Comment below or vote:
🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation
*** Follow us now so to make sure you don't miss the next big setup ***
Disclaimer: Not financial advice. Trade at your own risk.
Disclaimer
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.
Disclaimer
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.