These mid- large caps have been frustratingly slow compared to all the action we've seen in the hot DeFi projects. But since DASH has undergone a large Wyckoff Accumulation; I'm predicting there's a large markup period still to come. It's proven difficult to time DASH this cycle (along with similar charts- EOS, LTC, BCH etc) so rather than try and time it; I'm trading this as a longer term investment. Entered at ~ $90 but I'm considering adding or taking another short-Mid term trade around here. The opportunity for a relatively quick (<6 months) trade back to the top of the range at $495 has a potential for + 190% profit... Tempting.
Short-Mid term trade: Entry: $110 -$220 Stop: $74 Target: $495
Long term investment: Entry: $110 -$220 Stop: ZERO- I have sized my position to allow for complete loss of investment. < 1% of portfolio. Target: $20,000 😂 - I know; sounds stupid. But that's the target the chart is giving me. All or nothing for this one.
Checkout how the Wyckoff Accumulation pattern played out for VeChein (linked Below)
Never Trust. Verify. D.Y.O.R. Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
تعليق
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Awesome to see this pump from DASH but I'm not liking how it was rejected so quickly...
very clear to understand, thanks ! i bought dash at 90$ too then 120$ and 180$ but sold everything at 330$, but planning to buy it back for this great price, and 20K$ is possible for long term like 6 years. i think we will top at 3000$ this year
TribeWriter666
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Well played @Metheus, well played. and you're welcome! I'm not sure how long this is going to take- I initially thought by the end of this year; but I'm starting to second guess that now. You might be right with the 3k prediction for the end of the year and the 6 year term is a bit safer call, but I'm thinking it might be sooner... Time will tell.
FocusWithin
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All or nothing he said.
TribeWriter666
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@FocusWithin haha yes; on less than 1% to be clear
lxliuming
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Coming back to see this chart a week later, hope this is the last test before the pump!
i bought dash at 90$ too then 120$ and 180$ but sold everything at 330$, but planning to buy it back for this great price, and 20K$ is possible for long term like 6 years. i think we will top at 3000$ this year