Description
⋅ Hello everyone, let's take a look at the 4 hour DOT to USDT chart as you can see the price is moving just above the downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.21
T2 = $ 6.36
and
T3 = $ 6.54
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.13
SL2 = $ 6.05
SL3 = $ 6.98
and
SL4 = $ 5.90
Looking at the CHOP indicator, we can see that we have a lot of energy in the 4H range, while the MACD indicator shows a local upward trend.