DOTUSDT Tries to decide direction!/Trading Strategy

5 באוק׳ 2021

DOTUSDT
4H trend chart
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Currently, price is in a descending tunnel, and gained 3 support during consolidating
1) 144 and 169ema, now it gets back on 12ema
2) Price left a tail while rapidly broke down the bottom of tunnel.
3) Fib( 0.618)
With these 3 signals of bull, we could open position while tunnel is broken out, and trading strategy as below.
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Profit Targets:
a) 33.390----Fib(1)
b) 35.280~36.045----Fib(1.272~1.382)
c) 40.345-----Fib(2)

Stop losses:
a) 30.055----Orange horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!