Guys and gals, I think we are approaching the third breakout! DNT is looking strong, yet again, and is making some attractive moves on the price line that appears to be giving us a sneak preview of what's to come.
This is the 3rd ride for me. I took the first ride from 0.0077 to over seven cents and sold for a 9X return. Not a bad swing trade for holding approximately 2 months. I took the second ride from 0.049 average to 0.185 for a 4X return. Yet another great swing trade after holding for 2 months. This time, I have been accumulating all throughout the correction after the last peak, and I'm holding a nice bag after five purchases for a dollar-cost average of about 0.13. As you can see, we are trading above that green base level price, and it looks like it is holding strong.
That quick pop to 0.25 was just a sneak preview, in my opinion, showing the strength of the next move when we make the official breakout to the next level. I LOVE what this project is all about, and that makes it all the more fun to play it. I'm a swing trader though, and I'll be the first to admit that I'm in this for the MONEY. But this time I may hold on for a longer period of time, because I think this project has a very high up side potential, based on the numbers. With a total supply of 1B and a circulating supply of only 751,221,716 this little gem has quite the potential to make a strong move in the future.
If you look at similar projects with almost THREE TIMES the total and circulating supply that have popped to $1 during this alt season, I think it's very safe to assume that we could see DNT breaking above $2 in the coming months. Some are even projecting a peak run of up to $10. But we have to realize that it's just speculation. EVERYTHING in this crypto sector is purely speculative, and dangerous. There are risks. But if you don't roll the dice, you can't get the big fat returns. My strategy is to swing trade, and play with "free money". After my first two successful swing trades, I'm playing with no money out of pocket. So my risk tolerance is super high. If I have to gamble, I love to take on projects that have the metrics like this one, not to mention the fact that District0x is involved in one of the hottest sectors: Non-Fungible Tokens.
While everyone else is clamoring over Bitcoin and Ethereum, I'm good with playing these little CoinbasePro "gold mine" USDC pair projects that give me MUCH bigger returns for the money. My strategy is to ride these little projects and take in the 5X, 10X, and 20X gains and THEN roll them into the big boys ETH, LTC, and BTC for the fall run. By the time I get done flipping these small cap projects, I'll have gained enough to cover my initial investment and then flip the gains into the more stable "big boy" projects for the long haul. This is what works for me, but you've got to play the market in the best way that fits YOUR risk tolerance level.
As usual, don't blindly take the advice of random TradingView authors. Do your OWN due diligence, and don't blame anyone else for your own losses. I'm not your financial advisor, I'm just a hot-dogger that loves to flip tokens and fatten my bags!
Keep your eyes on this one, and don't sleep on District0X!
Carlton Flowers
The CryptoPro
This is the 3rd ride for me. I took the first ride from 0.0077 to over seven cents and sold for a 9X return. Not a bad swing trade for holding approximately 2 months. I took the second ride from 0.049 average to 0.185 for a 4X return. Yet another great swing trade after holding for 2 months. This time, I have been accumulating all throughout the correction after the last peak, and I'm holding a nice bag after five purchases for a dollar-cost average of about 0.13. As you can see, we are trading above that green base level price, and it looks like it is holding strong.
That quick pop to 0.25 was just a sneak preview, in my opinion, showing the strength of the next move when we make the official breakout to the next level. I LOVE what this project is all about, and that makes it all the more fun to play it. I'm a swing trader though, and I'll be the first to admit that I'm in this for the MONEY. But this time I may hold on for a longer period of time, because I think this project has a very high up side potential, based on the numbers. With a total supply of 1B and a circulating supply of only 751,221,716 this little gem has quite the potential to make a strong move in the future.
If you look at similar projects with almost THREE TIMES the total and circulating supply that have popped to $1 during this alt season, I think it's very safe to assume that we could see DNT breaking above $2 in the coming months. Some are even projecting a peak run of up to $10. But we have to realize that it's just speculation. EVERYTHING in this crypto sector is purely speculative, and dangerous. There are risks. But if you don't roll the dice, you can't get the big fat returns. My strategy is to swing trade, and play with "free money". After my first two successful swing trades, I'm playing with no money out of pocket. So my risk tolerance is super high. If I have to gamble, I love to take on projects that have the metrics like this one, not to mention the fact that District0x is involved in one of the hottest sectors: Non-Fungible Tokens.
While everyone else is clamoring over Bitcoin and Ethereum, I'm good with playing these little CoinbasePro "gold mine" USDC pair projects that give me MUCH bigger returns for the money. My strategy is to ride these little projects and take in the 5X, 10X, and 20X gains and THEN roll them into the big boys ETH, LTC, and BTC for the fall run. By the time I get done flipping these small cap projects, I'll have gained enough to cover my initial investment and then flip the gains into the more stable "big boy" projects for the long haul. This is what works for me, but you've got to play the market in the best way that fits YOUR risk tolerance level.
As usual, don't blindly take the advice of random TradingView authors. Do your OWN due diligence, and don't blame anyone else for your own losses. I'm not your financial advisor, I'm just a hot-dogger that loves to flip tokens and fatten my bags!
Keep your eyes on this one, and don't sleep on District0X!
Carlton Flowers
The CryptoPro