BYBIT:DOTUSDT 1H trend chart - Price has finally broken out the downtrend line. Also it took the trend line with a great solid candle. Now, it is facing some resistance from Fib(0.5) So,if price can be keeping at $42.225, trading strategy as below. We can still gain a good R-R ratio over than 2 - Profit Targets: a) 44.81----Fib(1) b) 46.22~46.785----Fib(1.272~1.382) c) 49.985----Fib(2) Stop losses: a) 41.310----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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