DOT/USDT Chart Analysis Predicts Bullish Trend and Potential for
DOT/USDT Chart Analysis Predicts Bullish Trend and Potential for New Highs:-
Greetings traders,
I would like to share my analysis on the #DOT/USDT chart with you all. As of now, DOT is trading at $6.35, and my analysis shows that the coin has bounced back from its $0.618 Fib Retracement level, indicating a bullish trend with the potential to hit new highs.
Therefore, I am expecting an upward move before witnessing a potential down wick. I have also confirmed the trend by double-verifying that it will break its triangle pattern.
My entry point for this trade would be around $6, with targets set at $6.7, $7.30, and $8, respectively. I have set my stop loss at $5.74 to limit potential losses.
It's important to note that trading involves a certain level of risk, and it's crucial to assess your risk tolerance before entering any trades.
In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the DOT/USDT chart for any potential trading opportunities.
Greetings traders,
I would like to share my analysis on the #DOT/USDT chart with you all. As of now, DOT is trading at $6.35, and my analysis shows that the coin has bounced back from its $0.618 Fib Retracement level, indicating a bullish trend with the potential to hit new highs.
Therefore, I am expecting an upward move before witnessing a potential down wick. I have also confirmed the trend by double-verifying that it will break its triangle pattern.
My entry point for this trade would be around $6, with targets set at $6.7, $7.30, and $8, respectively. I have set my stop loss at $5.74 to limit potential losses.
It's important to note that trading involves a certain level of risk, and it's crucial to assess your risk tolerance before entering any trades.
In conclusion, I believe there is potential for profits to be made in this trade, and I encourage you all to keep an eye on the DOT/USDT chart for any potential trading opportunities.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.