DOT - Opportunity to catch a 20% correction
Greetings everyone!
I would like to share with you the analysis of DOT (Polkadot).
We have successfully exited the descending structure, which indicates a transition to the ascending structure. However, this does not prevent us from looking for short-term corrective trades with good reasons.
We are currently seeing the filling of the monthly imbalance in the 11.14 - 14.18 range. Within this range, there is a weekly imbalance zone extending from 11.81 to 13.03. With a favorable risk-reward ratio, we may consider setups coming out of this zone.
Our goal may be to eliminate inefficient pricing on the two-hour timeframe (FVG).
I would like to share with you the analysis of DOT (Polkadot).
We have successfully exited the descending structure, which indicates a transition to the ascending structure. However, this does not prevent us from looking for short-term corrective trades with good reasons.
We are currently seeing the filling of the monthly imbalance in the 11.14 - 14.18 range. Within this range, there is a weekly imbalance zone extending from 11.81 to 13.03. With a favorable risk-reward ratio, we may consider setups coming out of this zone.
Our goal may be to eliminate inefficient pricing on the two-hour timeframe (FVG).
Trade active
So far so good.Trade closed: target reached
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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.
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.