Bitking786

Dot break it downtrend as well as 21DMA, looks promising!!

Long
BINANCE:DOTUSDT   DOT / TetherUS
#dot(Welcome to this quick update everyone)

Trading suggestion:
In Daily timeframe Chart, Once Again Bulls Are Back in Town, Daily MA21 got Cleared & turned into Support.

At the Moment, bulls will try testing the Key Horizontal Resistance 17.92, If Daily Candle Closed Above the 17.92(Daily Resistance), Next Would be 26.29 then 39.39. In Case of Rejection, dot Might Retest the MA21 (13.87).

Technical analysis:
. DOTUSDT is breaked the downtrend as well as 21-Day MA , and the beginning of an uptrend is expected.
. The price will try 50-Day MA, which acts as a dynamic resistance.
. The RSI is trying to break its downtrend, if it break then dot will get momentum from here.

Take Profits:
TP1= @ 26.29
TP2= @ 39.39
TP3= @ 49.90
TP4= @ 60

SL= below 10 usdt on daily closed bases

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Trade closed: target reached: T1 and T2 reached