Get started
cryptodth

DOT/USDT - New trade just now, 3.1 risk/reward - Apr 11, 2021

Long
DOT / TetherUS (BINANCE:DOTUSDT)  
cryptodth  
BINANCE:DOTUSDT   DOT / TetherUS
Trend Analysis Support and Resistance Trend Lines
2
0
trendanalysis supportandresistance trendline
DOT broke down the ascending channel yesterday, hitting support at around USDT 40, when it started to gain momentum in what appears to be a pullback. If it's the case, we would be leaving the consolidation zone that started forming on April 8. Considering the overall positive trend, I would be looking at around 10% or 11% prince increase in the following days.

My trade:

Entry: 41.322
TP: 46.0409
SL: 39.8005

risk/reward: 3.1

Warning: I am a beginner trader and I am probably wrong.
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.