DOT is sitting right on its reaction zone, where buyers have been trying to hold the price from breaking lower. For now the structure is still weak, but weโre watching how price behaves inside this area โ if buyers manage to flip this zone and show a clear shift in momentum, weโll finally get the signal for a bullish play.
The setup gets canceled if price sweeps the current lows and closes below this whole zone โ that would open the door for another leg down.
If buyers manage to stabilize here and give us a clean structure shift, the targets remain the same: first the local resistance around $2.75, and then the upper zone near $3.30โ$3.40.
Swallow Academy
The setup gets canceled if price sweeps the current lows and closes below this whole zone โ that would open the door for another leg down.
If buyers manage to stabilize here and give us a clean structure shift, the targets remain the same: first the local resistance around $2.75, and then the upper zone near $3.30โ$3.40.
Swallow Academy
๐จ Authentic Traders
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
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.
๐จ Authentic Traders
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
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.
