DENT has seen crazy returns over the last couple of days, beating the market by quite a margin. This trade is based on a short-term bearish Bitcoin scenario. The idea behind this trade is that DENT has much more to correct where it to fall in line with the market, thus making the bearish correction more extreme in nature.
On the chart Iâve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows. Do your own due diligence.
Happy trading!