#DYM'S REJECTION BECAME A MARKET OPPORTUNITY FOR US!
If you're looking for an in-depth analysis of DYM, then, you're in the right place.
Here's why.
We have been eyeing on the key levels 1.799, 2.363 & 3.243 as the newly established resistances of DYM. These resistances once they're bumped into, they would most likely reject the price for DYM. Since we were able to identify these pivotal points of this token, we have already anticipated the next possible price action. Alongside the proper usage of the Fibonacci tool, the harmonic pattern formed and the peaks.
The easiest way to identify these types of rejection would go like this:
- Did this token surge this year and the last? If not, then, move on to other tokens.
- Review the series of lower highs and lower lows created, were they formed to practically establish new resistances?
- Are they closest to their bottoms? If not, then, are they close to their peak? If any of your answer on these questions is yes, proceed.
- Once a token is closest to their bottom, tendency is, they'd trap both shorts and longs. As more tests will be done in order to verify if the accumulated strength for that token is already enough for a rally.
- A token that's close to their peak will have series of selloffs that will eventually weaken the previously established supports (markup) and do a decline eventually leading to decline.
- The tokens that are in the middle level, mostly on a yearly basis or monthly basis, will most likely be indecisive. Thus, it's best to check for tokens closest to their peaks and are already getting to their bottom for the rejections to be verified.
- There are still other ways to verify these rejections and as I keep on posting in this platform. I'll help you understand them easily.
Stay wise, trade cautiously.
