We can see DOT is forming a triple bullish divergence on 1H and that is usually a pretty good sign for a long in crypto.
DON'T RUSH THE TRADE.
For confirmation, first we want to see the price to go back above $4.42 and hold. That will be my trigger.
Stops will be at the last low at $4.37.
This is a short term trade, I believe DOT will go lower in Q1 2023, so take profits if the market gives them to you.
DON'T RUSH THE TRADE.
For confirmation, first we want to see the price to go back above $4.42 and hold. That will be my trigger.
Stops will be at the last low at $4.37.
This is a short term trade, I believe DOT will go lower in Q1 2023, so take profits if the market gives them to you.
Note
Stops at brake-even.Note
Stops in profit. Risk free trade.Trade closed: stop reached
Lost momentum, stops triggered with small profits. Off to the next one.
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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.