Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price broke above the local downtrend channel and started a local uptrend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.96
T2 = $ 8.49
T3 = $ 9.10
and
T4 = $ 9.94
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 7.55
SL2 = $ 7.26
SL3 = $ 7.00
SL4 = $ 6.77
and
SL5 = $ 6.43
Looking at the CHOP indicator, we can see that in the 4H range we still have energy to continue the movement and the MACD indicator confirms the local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.96
T2 = $ 8.49
T3 = $ 9.10
and
T4 = $ 9.94
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 7.55
SL2 = $ 7.26
SL3 = $ 7.00
SL4 = $ 6.77
and
SL5 = $ 6.43
Looking at the CHOP indicator, we can see that in the 4H range we still have energy to continue the movement and the MACD indicator confirms the local upward trend.