Breaking News

DOT/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 51.284, 52.000, 52.500.

Key Support Levels: 48.796, 48.000, 47.500.

1-Hr Chart:

The price on the higher time frame failed to break the strong support level around the 48.855 USDT mark where it left a fake out behind. Buyers emerged after this move and it seems they are taking control of the market which will lead to a move higher toward the next key resistance level.

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

15-Mins Chart:

On the lower time frame, the market succeeded to break the bullish pennant pattern to the upside after finding buyers under the bespoke support. A lower correction could be seen before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 48.627

TP 1 @ 51.284

TP 2 @ 52.000

Stop Loss @ 47.299

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.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!