Hello everyone, let's take a look at the 1H DOT to USDT chart. As you can see, the price is moving below the local downtrend line.
Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07
Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86.
Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.
Let's start with marking the support line and as you can see the first support in the near future is $ 14.06, here it is worth setting the first stop loss, if the support breaks, the next support is at $ 12.75, here it is worth setting the second stop loss. Next we have a support zone from $ 11.36 to $ 8.07
Now let's move from the resistance line as you can see the first resistance is $ 16.19, if you can break it the next resistance will be $ 17.63 and $ 18.86.
Looking at the CHOP indicator, we can see that in the 1H interval we have a lot of energy for new movement in the coming hours.