Entry Range:
- Long: $0.00131 - $0.00134 (on breakout above resistance).
- Short: $0.00120 - $0.00123 (on breakdown below support).
Stop-Loss (SL):
- Long: Below $0.00131.
- Short: Above $0.00123.
Take Profit (TP):
- Long: $0.00137 to $0.00150.
- Short: $0.00115to $0.00108.
Analysis:
DENT shows signs of consolidation between $0.00120 (support) and $0.00134 (resistance), with high trading volume suggesting potential volatility. The price has attempted to test the $0.00134 level but has yet to break through. If the price sustains above this resistance, it signals a bullish breakout, offering a scalping opportunity. Conversely, a breakdown below $0.00120 suggests bearish momentum, making a short position favorable.
The current market cap of $129.33M and volume-to-market-cap ratio of 7.91% indicate active trading interest, which suits scalping strategies. However, monitor momentum indicators like RSI and MACD for confirmation of the breakout or breakdown.