$$DCR Current Market Status (1H Chart):
DCR is showing strong bullish momentum, currently trading near $35.38. After a solid rally from $31.90, we are now approaching the critical daily resistance at $36.60.
Depending on the price action at this level, here are the two ways to play this:
🔥 Scenario A: The Breakout (Momentum Entry)
If DCR breaks and holds above the daily high with strong volume:
* Entry Confirmation: 1H Candle Close above $36.70.
* Target 1: $38.20
* Target 2: $40.00+
* Stop Loss: Below $35.20 (Previous support flip).
📉 Scenario B: The Retracement (Safe Entry)
If the price fails to break $36.70, we look for a "Buy the Dip" opportunity:
* Optimal Entry Zone: $34.10 – $34.50 (Support Re-test).
* Target 1: $36.50 (Previous High)
* Target 2: $38.50.
* Stop Loss: Below $33.00.
💡 Market Tip: RSI is near 65-70, suggesting we are close to overbought. Don't "FOMO" at the current price. Wait for either a Confirmed Breakout or a Healthy Pullback to the entry zone for a better Risk/Reward ratio.
Which scenario do you think will play out? Let me know in the comments! 👇