#DOT is currently moving sideways and forming a triangle pattern on the 1D timeframe. At the moment, there are no bearish signs on the chart, which indicates strength in the structure.
Key Points:
#DOT is consolidating within a triangle pattern.
A breakout with strong volume will confirm the next big move.
For confirmation, I will wait for the break of the resistance level.
After the breakout, the retest zone will be the ideal entry for a long trade with proper risk management.
Risk Management Reminder: Always wait for confirmation and manage your positions wisely.
This setup looks promising for swing traders who are waiting for the next big leg up.
What are your thoughts on #DOT? Do you think we will see a bullish breakout soon, or is more consolidation ahead? Drop your views in the comments!
If you found this analysis helpful, don’t forget to like, comment, and follow for more updates on #DOT and other altcoins!
Key Points:
#DOT is consolidating within a triangle pattern.
A breakout with strong volume will confirm the next big move.
For confirmation, I will wait for the break of the resistance level.
After the breakout, the retest zone will be the ideal entry for a long trade with proper risk management.
Risk Management Reminder: Always wait for confirmation and manage your positions wisely.
This setup looks promising for swing traders who are waiting for the next big leg up.
What are your thoughts on #DOT? Do you think we will see a bullish breakout soon, or is more consolidation ahead? Drop your views in the comments!
If you found this analysis helpful, don’t forget to like, comment, and follow for more updates on #DOT and other altcoins!
Note
DOT is break the Triangle Pattern, but we still wait for the break of the Resistance level to take the trade. 
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.
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.