Broke down hard from the highs, now stabilizing near the 24h low. Momentum is weak, trading under all key MAs. This is a bear flag consolidation with high risk of another leg down. Resistance at the MA5/MA10 confluence.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$DN
Broke down hard from the highs, now stabilizing near the 24h low. Momentum is weak, trading under all key MAs. This is a bear flag consolidation with high risk of another leg down. Resistance at the MA5/MA10 confluence.
• Entry Zone: 1.08 - 1.15
• TP1: 1.47
• TP2: 1.90
• TP3: 2.05
• Stop-Loss: 0.88
#DN #Crypto