DOT - Shift In Momentum In The Making! 🍰

20 Şub 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis, DOT rejected the support zone 5.0 and the bulls took over short-term by breaking above the orange zone.

What Next?

🏹 For the bulls to remain in control, we need a Daily Candle Close above 7.53 in gray (inverse head and shoulders neckline)

And then for the bulls to take over long-term, we need a break above the entire weekly range, above 10.5

Of course, if DOT retests the 5.0 support zone, we will be looking for short-term buy setups again.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich