DOTUSDT looks very bullish: potential 40% gains
TRADE POSITION: LONG
ENTRY PRICE: $13.95
TARGET I: $21.00
TARGET II: $26.85
STOPLOSS: $12.00
The asset is currently traded at a level between $14 and $15, meaning the price is very close to the strong support level. As we can see from the chart MACD crossed over indicating the beginning of a bullish Trend, while RSI index is 36, indicating the assets is almost overbought. These two indicators are both pointing out to a bullish trend therefore to an incoming price rise. Also fundamentals (such as daily NVT) indicate that the asset is undervalued.
I expect the asset to test the support level again and here is where I would put the entry price for long position: $13.95. Then I expect the asset to reach the first target ($21.00), find resistance and later suffer a pullback to the $14.00 area. After the price correction, I expect the asset to test again the first target: if this holds and starts acting as a support I would place the selling orders at the level of target II: 26.85, having this way + 88% price increase from the first entry price; if the resistance is not broken a pullback is expected up to $14.00 therefore this could be a good opportunity for shorting:
entry price: $21.00
target: $14.00
ENTRY PRICE: $13.95
TARGET I: $21.00
TARGET II: $26.85
STOPLOSS: $12.00
The asset is currently traded at a level between $14 and $15, meaning the price is very close to the strong support level. As we can see from the chart MACD crossed over indicating the beginning of a bullish Trend, while RSI index is 36, indicating the assets is almost overbought. These two indicators are both pointing out to a bullish trend therefore to an incoming price rise. Also fundamentals (such as daily NVT) indicate that the asset is undervalued.
I expect the asset to test the support level again and here is where I would put the entry price for long position: $13.95. Then I expect the asset to reach the first target ($21.00), find resistance and later suffer a pullback to the $14.00 area. After the price correction, I expect the asset to test again the first target: if this holds and starts acting as a support I would place the selling orders at the level of target II: 26.85, having this way + 88% price increase from the first entry price; if the resistance is not broken a pullback is expected up to $14.00 therefore this could be a good opportunity for shorting:
entry price: $21.00
target: $14.00
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