EthanTW

DOTUSDT - Good timing for entry!

Long
BYBIT:DOTUSDT   DOTUSDT Perpetual Contract
BYBIT:DOTUSDT
1H trend chart
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$41.995 is a nice timing because confirmation of breaking out the downtrend line
Also, potential double bottom is forming, so I regard it as a great time for entry.
Trading strategy as below
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Profit Targets:
a) 43.240----Fib(1)
b) 46.275~47.505----Fib(1.272~1.382)
c) 50.135----Fib(2)
Stop losses:
a) 39.500----Red horizontal ray
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