đąđ Trading Signal: Dymension (DYMU/USDT) đ
â° Timeframe: 4H
đ° Current Price: 1.487 USDT
đ Support Level: 1.283 USDT
đ Stop Loss (SL): 1.09 USDT
đŻ Take Profit (TP) Targets:
âą TP1: 1.93 USDT đ„
âą TP2: 2.32 USDT đ„
âą TP3: 3.11 USDT đ„
đ Analysis:
âą The chart suggests a potential breakout above the descending trendline đ, indicating a bullish momentum đ.
âą A pullback to the 1.283 USDT support level could offer a strategic entry point đ”ïžââïž.
âą Technical indicators point towards a bullish trend đ, with increasing volume indicating strong support for the potential breakout.
đ ïž Trade Setup:
âą đ Entry Point: Enter at the current price or wait for a pullback to around 1.283 USDT for a safer entry point.
âą đ Stop Loss (SL): Set your stop loss at 1.09 USDT to limit potential losses.
âą đŻ Take Profit (TP):
âą TP1 at 1.93 USDT đ„
âą TP2 at 2.32 USDT đ„
âą TP3 at 3.11 USDT đ„
đ Risk Management:
âą Only risk 1-2% of your total trading capital per trade â ïž.
âą Adjust your position size based on the stop loss level to ensure proper risk management đŻ.
đą Disclaimer:DYOR and NFA.
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