DOTUSDT1H trend chart
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DOT has broken out the inverse HS pattern, but got resistance from a short-term downtrend line further.
Now, it is consolidating between the trend line and the neckline of HS.
If price can break through the trend line, trading strategy as below.
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Profit Targets:
a) 55.150----Fib(1)
b) 58.985~60.535----Fib(1.272~1.382)
c) 62.200----Fib(1.618)
Stop losses:
a) 51.565-----Red horizontal ray
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🌔Signal channel: t.me/tradingdiary_cat
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💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
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→Join Teaching Group for free!(PM me)
Related publications
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.