BYBIT:DOTUSDT 1H trend chart - DOT has broken out the inverse HS pattern, but got resistance from a short-term downtrend line further. Now, it is consolidating between the trend line and the neckline of HS. If price can break through the trend line, trading strategy as below. - Profit Targets: a) 55.150----Fib(1) b) 58.985~60.535----Fib(1.272~1.382) c) 62.200----Fib(1.618)
Stop losses: a) 51.565-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see!
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