Trading Signals for $DRIFT

Action: Long and Short Positions

Entry Range:
Long Position: $1.38 - $1.40
Short Position: $1.31 - $1.33

Stop Loss (SL):
For Long: $1.37 - $1.34
For Short: $1.35 - $1.32

Take Profit (TP):
For Long: $1.41 - $1.56
For Short: $1.25 - $1.10

Currently, DRIFT is showing some signs of consolidation between the price range of $1.22 to $1.43, with its price recently hitting a daily high of $1.43 and bouncing back to $1.37. We are seeing relatively strong volume activity, with a 175.30% increase in 24-hour trading volume, indicating potential volatility in the near future. The price is also well above its all-time low of $0.10, but still down 48.45% from its all-time high of $2.65, suggesting that there may be room for both short-term upward and downward moves.

For scalping, look for quick breakouts or breakdowns within the consolidation range.

Long Position: If the price breaks above the $1.40 level with volume support, consider entering long with a target of around $1.50 to $1.55.
Short Position: If the price falls below the $1.31 mark with strong selling volume, you can short the position with a potential downside target of $1.25 to $1.10.

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🚨Note: Trade at your own risk. DYOR.
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