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DOTUSD

DOTUSDT - Good timing for entry!BYBIT:DOTUSDT 1H trend chart - $41.995 is a nice timing because confirmation of breaking out the downtrend line Also, potential double bottom is forming, so I regard it as a great time for entry. Trading strategy as below - Profit Targets: a) 43.240----Fib(1) b) 46.275~47.505----Fib(1.272~1.382) c) 50.135----Fib(2) Stop losses: a) 39.500----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective 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!
Long
by EthanTW
13
✅DOTUSDT, it did as we expected! and... - Congrats! if you have been following this trading strategy. It already hit 1st TP while DOT is surging. Next, you could hold it till 2nd TP or take some profit anytime you want. Just remember to take a part of your unrealized profit, don't miss them you already have! - If you like this analysis, give it a like and leave a comment below to share your perspective 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!
Long
by EthanTW
13
DOTUSDT Short-term trading strategyBYBIT:DOTUSDT 4H trend chart - We could see an obvious uptrend line keeps supporting the price After price hit Fib(0.382), it rallied back to Fib(0.618) and also broke the downtrend line up. Currently, downtrend line is broken out, and if price could still take out this line and stand firm after this 4H candlestick done Our short-term trading strategy as below *Although they are bullish signals, we shall consider the falling market statement. - Profit Targets: a) 37.460----Fib(1) b) 39.725~40.640----Fib(1.272~1.382) Stop losses: a) 32.310----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective 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!
Long
by EthanTW
2