Recommendation on DCR Currency | Spot Trading ✨

📌 Entry Zone:

24.60 – 25.00

🟦 Strong entry after a clear break of a major resistance turning into actual support on the 1H timeframe.

🚀 First Target:

26.00

🟩 A nearby level reflecting the first extension wave after successfully breaking the resistance.

📈 Second Target:

27.50

🟧 Breaking it confirms the buyers' continued dominance and opens the way towards higher levels.

🌕 Third Target:

29.00

🟪 An extension target based on the continuation of upward momentum and the price holding above the broken support.

🛡️ Stop Loss:

23.80

🟥 Breaking it returns the price to before the breakout and cancels the buying power scenario.

📊 Analysis:

DCR has shown a breakout accompanied by strong momentum, as the previous resistance range has turned into effective support with new liquidity entering. The current structure confirms the buyers' return to dominance, and with BTC's movement calming down, an extension towards the specified targets is expected. Holding above 25.00 is key to continuing the upward trend.

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✍🏻 𝓓𝓻. 𝓖𝓱𝓪𝓼𝓼𝓪𝓷 👑