Hello everyone, Welcome to this DOT update. Let's get to the chart. DOT currently trading at around $27. As you see in the chart here is a very good demand zone ($24-$27) for DOT. Price can hit this demand zone several times and each time it's bounced from here.
We can expect a good bounce from this demand zone. So put your buy orders in the range of this demand zone. If we lost this demand zone then the next support is around $19.
Entry range:- $24-$27
Target1:- $38
Target2:- $48
SL:- If any daily candle closes below the demand zone then I'll exit manually.
Do you also think DOT can bounce from this demand zone?
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This isn't financial advice. DYOR before investing.
Thank you.