DOT forms interesting tradign setup

16 Eyl 2020

Wassup moonboys i found u an interesting trading setup. In 4h charts DOT seems to be forming bear flag and in even shorter time frame it seems to form bullish pennant. So hear me out, you should be watching the 4.98$ territory closely. If Dot breaks that support range i would start a short and sett my short targets around 4,25$ or even 3,5$. The other scenario would be that Dot would break 5.24$, in that case I would make a small long trade and my sell would be set around 5.7$. Overall in current market I think that the bearish setup should play out as many alts are dipping. These are my thoughts for DOT today, have a nice day.