Hi everyone,
The last time I posted about how DOTUSDT was going to the next major support, we were still bearish. Well, the first move was bearish, but the second move got bullish (the candle we are in right now).
As for bearish factors, we just did a lower low, plus we just broke major support, and the short-term "bullishness" is just temporary and is probably just a retest for this support.
In conclusion, I think we are just taking out liquidity by this bullish move and this is an opportunity to buy the inverse token of this asset, in this case, ETHUSDT.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
The last time I posted about how DOTUSDT was going to the next major support, we were still bearish. Well, the first move was bearish, but the second move got bullish (the candle we are in right now).
As for bearish factors, we just did a lower low, plus we just broke major support, and the short-term "bullishness" is just temporary and is probably just a retest for this support.
In conclusion, I think we are just taking out liquidity by this bullish move and this is an opportunity to buy the inverse token of this asset, in this case, ETHUSDT.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
