DOT broke down from the MAJOR 23-24 support, which then served as resistance.
Next major support is at 10-11, but we at least broke out from and retested the green falling trendline (blue circle). We could see a recovery to retest the 23-24 resistance.
My trading plan is to wait for one more down leg, then look for longs up to resistance.
Next major support is at 10-11, but we at least broke out from and retested the green falling trendline (blue circle). We could see a recovery to retest the 23-24 resistance.
My trading plan is to wait for one more down leg, then look for longs up to resistance.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.