DOTUSDT Consolidate and wait for entry!/Trading Strategy
DOTUSDT
1H trend chart
-
With the strong support zone, that was formed from long-term neckline, and the upper downtrend line.
Both keep price converging in a triangle formation, direction is still unknown.
So just wait for a break from this triangle.
If the upper downtrend line can be broken out, trading strategy as below.
-
Profit Targets:
a) 35.320----Fib(1)
b) 37.005~37.685----Fib(1.272~1.382)
c) 41.510-----Fib(2)
Stop losses:
a) 32.430----Redhorizontal ray
-
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Comment:
Guys, DOT hit 2nd TP. Congrats!
Don't forget to take a part of profit, and let's wait for 3rd TP
Don't forget to take a part of profit, and let's wait for 3rd TP
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Congrats guys, you definitely took some profit on 1st TP.
Now, whole market is facing a pullback.
During this correction, DOT obviously gets support on Fib(1) around $35.3
But don't forget setting your SL up.
For who have followed this trading strategy, I suggest you could move your SL upper to assure your profit.
So I setup a new SL on $34.825(blue horizontal line) or you can take profit anytime after this surge.
Like this analysis and leave comment below if have any questions or ideas!