๐๐$RVLT #RevoltToEarn #revolt2earn Short-Medium Term Trade๐๐
While $RVLT, the governance token for the "Revolt 2 Earn" DAO, is still very new in its lifespan, there seems to be a great long trade set-up here. $RVLT is the sister token to $CULT, the governance token of the Cult Dao. This is a trade set-up I, personally, have been waiting for very adamantly. I will be personally holding most of my $RVLT much longer-term, however there is a great set-up here for a possible 3X-5X return on a short-term to medium-term long.
Assuming that the entire market doesn't crash down to nothing-ness, then this long should potentially hold up very well. $RVLT has broken out of the narrowing, descending channel that it has been in for the past month. This could result in some short-lived sideways movement, followed by a reversal in (Short-term to medium-term) trend. This coincides with the both RSI's sitting at very oversold levels, adding more confluence to this trade idea.
My personal best buy price is $0.0000000781. However, any buy within the range between $0.0000000662 & $0.0000001095 would be a great buy-in price, with a SL below the previous swing-low. TP range for a 2X-3X return would be anywhere between $0.0000001738 & $0.0000002338, and a 4X-5X return would be anywhere in the range between $0.0000003837 & $0.0000004394.
**This is my opinion, based on my own interpretation of chart data, and is not financial advice of any form.**
Assuming that the entire market doesn't crash down to nothing-ness, then this long should potentially hold up very well. $RVLT has broken out of the narrowing, descending channel that it has been in for the past month. This could result in some short-lived sideways movement, followed by a reversal in (Short-term to medium-term) trend. This coincides with the both RSI's sitting at very oversold levels, adding more confluence to this trade idea.
My personal best buy price is $0.0000000781. However, any buy within the range between $0.0000000662 & $0.0000001095 would be a great buy-in price, with a SL below the previous swing-low. TP range for a 2X-3X return would be anywhere between $0.0000001738 & $0.0000002338, and a 4X-5X return would be anywhere in the range between $0.0000003837 & $0.0000004394.
**This is my opinion, based on my own interpretation of chart data, and is not financial advice of any form.**