EthanTW

DOTUSDT - Combine 2 candles and 2 appropriate points for entry

Giá lên
BYBIT:DOTUSDT   DOTUSDT SPOT
DOTUSDT
1H trend chart
-
Price left a long tail before, then rallied rapidly.
Here, we can combine them as 1 candle, means support level around $41 still works.
Now, it broke out this short-term downtrend line, so here is a first timing you can open long.
However, there is a resistance zone around $42.84, can confirm price stands at it or not.

In a nutshell, closure of previous candle $42.515 is 1st point
2nd point is $42.84 if stood firm of 1H chart.
I suggest that 2nd point, which is low-risk strategy.
-
Profit Targets:
a) 44.81----Fib(1)
b) 46.21~46.77----Fib(1.272~1.382)
Stop losses:
a) 41.345----Red horizontal ray
b) 39.515----Red horizontal ray
I provide 2 SL, depended on the risk you can take!
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!


Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.