BINANCE:DAR/USDT - 1D TIMEFRAME šÆ
MARKET STRUCTURE:
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ā¦ CURRENT PRICE: $0.13873 (-2.07%)
ā¦ FIRST TARGET: $0.74760 (+525%)
ā¦ ULTIMATE TARGET: $1.65318 (+1,100%)
ā¦ TIMEFRAME: Daily/Long-term
TECHNICAL BREAKDOWN:
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1. HISTORICAL CONTEXT:
ā¢ Price at multi-year support level
ā¢ Significant consolidation since May 2023
ā¢ Major historical resistance levels marked
2. KEY PRICE LEVELS:
ā¢ Current Support: ~$0.13-0.14
ā¢ First Major Resistance: $0.74760
ā¢ Second Major Resistance: $1.65318
3. VOLUME PROFILE:
ā¢ Current Volume: 29.45M
ā¢ Low volume consolidation phase
ā¢ Potential accumulation period
STRATEGIC OUTLOOK:
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LONG-TERM POTENTIAL:
ā¢ Two major upside targets identified
ā¢ Historical resistance levels as targets
ā¢ Significant upside potential from current levels
RISK CONSIDERATIONS:
ā¢ Current downtrend needs reversal confirmation
ā¢ Volume increase needed for momentum
ā¢ Extended consolidation possible
ENTRY STRATEGY:
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ā¢ Wait for reversal confirmation
ā¢ Look for volume expansion
ā¢ Consider scaling in on breakout confirmations
RISK DISCLOSURE:
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Trading involves substantial risk. This analysis is educational and should not be considered financial advice. Always conduct your own research and trade responsibly.
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