$DONKEY
THE PARABOLIC MOVEMENT CONTINUES! LONG TRADE SIGNAL
MAINTAINING ABOVE THE KEY SUPPORT AFTER A STRONG RALLY
POTENTIAL FOR A RETEST AND CONTINUING TO NEW HIGHS
$DONKEY has increased by over 300% from the lows, forming higher lows with strong bullish candles. The current price action shows consolidation above the breakout zone, maintaining support around $0.00425 with a rejection candle near $0.00612. If the momentum holds, the rally could extend towards untested resistances.
Trade Setup:
Long Entry: $0.00470 – $0.00495
Take Profit: $0.00560 / $0.00630
Stop Loss: $0.00415
Market sentiment remains bullish as long as higher lows are respected. Await confirmation of the breakout above $0.00530.