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EthanTW
Oct 17, 2021 3:23 AM

DOTUSDT - another short-term try of breaking out! Long

DOTUSDT SPOTBybit

Description

BYBIT:DOTUSDT
1H trend chart
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$42.38 is the closure of previous candle and broke out the short-term downtrend line
It's a nice timing for entry.
Trading strategy as below
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Profit Targets:
a) 44.81----Fib(1)
b) 46.21~46.77----Fib(1.272~1.382)
Stop losses:
a) 41.2----Red horizontal ray
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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!
Comments
TraderMMO
Making sense, What is the good entry ? market rate OR 42.20 ?
EthanTW
@mian-omar, Hi, I usually open with limit rate.
jmancharts
What looks better, link or dot?
EthanTW
@jmancharts, hi bro, I think link has good support around 27.2, but not the time to take entry for me
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