So DOT on the daily timeframe we have this clear impulse followed by a correction to retest this previous daily resistance as new support, we can see the correction did wick to the downside which would have taken out alot of stop orders placed below this support, now the market has the liquidity im expecting the continuation to the upside to follow, we will be waiting on the 4hr timeframe for market to meet our entry rules and only then if all rules are satisfied then we can look to execute a nice long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.