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DOT/USDT (Futures) Potential Upward Movement

DOT/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 32.165, 38.116, 39.000.

Key Support Levels: 26.302, 25.433, 24.500.

Daily Time Frame:

The price on the higher time frame failed to continue its move to the downside below the 26.171 USDT mark where it posted an engulfing bullish pattern. This could lead to a move higher and most probably to a reversal and change of direction.

DOT/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price succeeded to break the bullish flag to the upside after finding bulls around the 50% Fibonacci retracement level. A lower correction could be seen to the highlighted zone before a new wave toward the target profits.

Signal Idea:

Buy Limit Order @ 29.144

TP 1 @ 32.058

TP 2 @ 38.116

Stop Loss @ 27.716

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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