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DOT/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 22.441, 22.824, 23.162.

Key Support Levels: 21.825, 21.485, 21.207.

1-Hr Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after finding buyers below the support level around the 21.80 USDT mark. This could lead to a move higher in the coming hours.

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

5-Mins Time Frame:

On the lower time frame, the buyers managed to break the previous resistance (now support) around the 21.833 USDT mark where higher lows has been posted. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 21.871

TP 1 @ 22.441

TP 2 @ 22.824

Stop Loss @ 21.595

Trade Safely 🙂

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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