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.
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
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.
Buy Limit Order @ 48.627
TP 1 @ 51.284
TP 2 @ 52.000
Stop Loss @ 47.299
Trade Safely 🙂