Below is a speculative trading idea for the DOT/USDT pair.
Currently, the asset's price has broken through an inclined level after updating the minimum at the price of $3.550 within the current global downtrend. After reaching the $3.550 level, there was a rebound, amounting to over 41% to the current price. This situation indicates an attempt to break the local downtrend in effect in 2023.
As we anticipate a price correction, we identify two entry points for the asset to continue the upward movement within this correction.
We place our first limit orders to buy DOT at price levels of $4.550 with a growth potential of 37% to the price level of $6.273.
We place our second limit orders to buy DOT at price levels of $4.220 with a growth potential of 50% to the price level of $6.273.
Currently, the asset's price has broken through an inclined level after updating the minimum at the price of $3.550 within the current global downtrend. After reaching the $3.550 level, there was a rebound, amounting to over 41% to the current price. This situation indicates an attempt to break the local downtrend in effect in 2023.
As we anticipate a price correction, we identify two entry points for the asset to continue the upward movement within this correction.
We place our first limit orders to buy DOT at price levels of $4.550 with a growth potential of 37% to the price level of $6.273.
We place our second limit orders to buy DOT at price levels of $4.220 with a growth potential of 50% to the price level of $6.273.
Trade closed: target reached:
We have reached the target and are closing the entire position at a price of $70.50, taking 25% profit.