Update from previous idea:
DOT is AMAZING!!!
what a week DOT has had it's been so fun trading this, my previous analysis I had bet on DOT going as low as $41.7 and we actually touched $41, annoyed at that call by me however trading with lower leverage at my entries would have put you in a slight loss before making quite amazing gains!
it has just been breaking out, consolidating, breaking out, consolidating and it's been golden to trade managed to catch a 97% profit trade with 10x leverage off of these moves so safe to say I have been enjoying DOT.
currently I am watching several levels trying to catch the best entry, first level is the grey line highlighted here. Currently because we are so bullish right now everything is breaking down bar a few, we have held it perfectly, a break of that line I am then looking at a test of this sloping upward support level where we have bounced several times the past week, the last time we got close to it the buying pressure was so strong we didn't get a touch but I still think it is valid
breaking that we will see a touch around the $49.9-$49.2 levels and if we can get that low I will be loading up a big trade again, these levels will be crucial especially with it being Friday tomorrow the weekend can see huge volatile wicks clearing out leverage in the market, keep an eye for these levels and hopefully these calls are more accurate than a couple days ago.
as for right now, we are in no mans land I am not in a trade I'm gonna let the market pick its direction before I decide my next move or let us at least test the $51 level before my first buy
DOT is AMAZING!!!
what a week DOT has had it's been so fun trading this, my previous analysis I had bet on DOT going as low as $41.7 and we actually touched $41, annoyed at that call by me however trading with lower leverage at my entries would have put you in a slight loss before making quite amazing gains!
it has just been breaking out, consolidating, breaking out, consolidating and it's been golden to trade managed to catch a 97% profit trade with 10x leverage off of these moves so safe to say I have been enjoying DOT.
currently I am watching several levels trying to catch the best entry, first level is the grey line highlighted here. Currently because we are so bullish right now everything is breaking down bar a few, we have held it perfectly, a break of that line I am then looking at a test of this sloping upward support level where we have bounced several times the past week, the last time we got close to it the buying pressure was so strong we didn't get a touch but I still think it is valid
breaking that we will see a touch around the $49.9-$49.2 levels and if we can get that low I will be loading up a big trade again, these levels will be crucial especially with it being Friday tomorrow the weekend can see huge volatile wicks clearing out leverage in the market, keep an eye for these levels and hopefully these calls are more accurate than a couple days ago.
as for right now, we are in no mans land I am not in a trade I'm gonna let the market pick its direction before I decide my next move or let us at least test the $51 level before my first buy
