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MoneyBagTrading

DOT Short position 22 December 2021

Short
DOT / TetherUS (BINANCE:DOTUSDT)  
MoneyBagTrading  
BINANCE:DOTUSDT   DOT / TetherUS
Trend Analysis Support and Resistance Trend Lines DOT dotshort tradesetup tradeidea shortsetup
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trendanalysis supportandresistance trendline dot dotshort tradesetup tradeidea shortsetup
I'm going to short DOT in this setup. We saw some explosive growth this day and we hit our previous resistance zone. The RSI indicator is indicating a top So I think this is a safe bet with low risk

I will place a SL at 28.3 and TP at around 25.72 and also move my SL lower if the trade goes in profit
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