Weekly: long term analysis
DOTUSDT DOT was one of the top gainers of the 2021 altcoin bull run. After more than 95% deep correction during the bear market, DOT exhibited a strong upward price action (+170%) after a rebound on the multi year support line around 3,60$
Strategy
Buy signal has been given by the breakout of the 5$ level after a mature consolidation (abcde triangle wave pattern). The breakout has volume and is breaking the upper bollinger band.
Invalidation
Mental Stop: A daily close just below the breakout that would invalidate the scenario. This setup proposes a nice Risk Reward
If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price.
Risk = Distance between Mental stop and entry point.
DOTUSDT DOT was one of the top gainers of the 2021 altcoin bull run. After more than 95% deep correction during the bear market, DOT exhibited a strong upward price action (+170%) after a rebound on the multi year support line around 3,60$Strategy
Buy signal has been given by the breakout of the 5$ level after a mature consolidation (abcde triangle wave pattern). The breakout has volume and is breaking the upper bollinger band.
- Objective 1: Next resistance line 6,50$ ( +25%)
- Objective 2: Multi year resistance line at 10$ (+95%)
- Objective 3: ATH at 50$ (+900%)
Invalidation
Mental Stop: A daily close just below the breakout that would invalidate the scenario. This setup proposes a nice Risk Reward
If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price.
Risk = Distance between Mental stop and entry point.
İşlem aktif
Not
Objective 1 ✅ and Objective 2 ✅ were both smashed 🚀We realised some nice profits of +25% and +95% on these levels and our remaining portion is targeting higher.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.