DOT is showing signs of a potential macro reversal as it rebounds from the bottom of a long-term falling wedge pattern. Price has stabilized near the key structural support zone around $4.20 after reclaiming it.
A rounded bottom formation is developing, indicating growing momentum and a possible breakout to the upside in the long term.
🎯 Key Targets:
$8.00
$11.90
This setup presents a compelling high risk-reward opportunity for long-term swing traders, provided the bullish structure holds.
Wave Trader Pro
Learn & Earn
A rounded bottom formation is developing, indicating growing momentum and a possible breakout to the upside in the long term.
🎯 Key Targets:
$8.00
$11.90
This setup presents a compelling high risk-reward opportunity for long-term swing traders, provided the bullish structure holds.
Wave Trader Pro
Learn & Earn
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.