DOTUSDT - Give it a try from HS pattern
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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