$DOTUSD potential entry point (3/5)

asdf098 Updated   
Conviction: 3/5
could drop further to MT support (Sep 2020)

General Thesis
  • two possible paths, one bouncing off ST support (Jul 2021) and the other bouncing off MT support (Sep 2020)
  • 2nd scenario seems more likely (just a guess)
  • recently did a bullish divergence in December 2021, so this could be it

Potential Risks
  • BTC pair looks attractive, although could play out via BTCUSD weakness, rather than DOTUSD strength
Trade closed manually:
broke below support


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