Quick scalp idea for anyone here looking to long DOT. Clear bullish divergence. News backing it up. enjoy the ride.
Entry = $41.
SL = $38.2
TP = $49.7
Entry = $41.
SL = $38.2
TP = $49.7
Note
Maybe entry can be now or even $41.50. Depends on your risk tolerance.Note
I really thought the previous set up we would have broken out of the wedge already. Rule #1 - anything can happen.Updated wedge. Look for a move (higher chance to the upside) within 5 hours i.e. around 12pm UTC 14th October - according to this idea:
Note
Forced to zoom out to hourly range. Market is a bit funky right now... but DOT's PA is still respecting this falling wedge. Key support to the PERP trading pair seems to be that $39.818. No close below it yet. The RSI is showing a possible trend reversal; MACD obviously lags behind. So let's see how this plays out over the next 24 hours.
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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.