DOT/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 32.766, 38.046, 39.000.
Key Support Levels: 28.916, 26.262, 24.831.
Daily Time Frame:
The price on the higher time frame managed to break the bearish channel to the upside after posting a throw over below this pattern. The market rebounded and moved higher where it found buyers around the 61.80% Fibonacci retracement level. further movement to the upside is expected soon.
DOT/USDT (Futures) Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the market managed to break the bearish trendline to the upside after posting a bullish head and shoulders. The price as well corrected to the highlighted zone which shows that a new bullish impulsive wave could be seen in the coming hours.
Buy Market Order @ 30.006
TP 1 @ 31.283
TP 2 @ 32.766
Stop Loss @ 29.466
Trade Safely 🙂