DOTUSDT - Good time to take entry/Trading straytegy
DOTUSDT1H trend chart
-
Price has finally broken out the downtrend line.
Also it took the trend line with a great solid candle.
Now, it is facing some resistance from Fib(0.5)
So, if price can be keeping at $42.225, trading strategy as below.
We can still gain a good R-R ratio over than 2
-
Profit Targets:
a) 44.81----Fib(1)
b) 46.22~46.785----Fib(1.272~1.382)
c) 49.985----Fib(2)
Stop losses:
a) 41.310----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.