DOT / TetherUSLong
Simple Dot Range Trade
Looking at the chart, it seems DOT has found a resistance at about $18.80 USD and a support at around $15.00 USD. An easy enough strategy can be used to make a large profit in this situation:
I plan on waiting to buy until DOT begins to bounce off of the $15.00 support and a MACD crossover ensues, and will sell once DOT gets near it's $18.80 resistance level. This looks like a simple way to make 20-25% profit in the span of a couple days.
I plan on waiting to buy until DOT begins to bounce off of the $15.00 support and a MACD crossover ensues, and will sell once DOT gets near it's $18.80 resistance level. This looks like a simple way to make 20-25% profit in the span of a couple days.
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.