THIS IS POLKADOT TETHERUS.As you see in 1H Marked first OB and placed couple of entry limit orders. I thought first OB will mitigate so I placed order for SHORT but as you see Market Always Do What He Wants To Do!
Market changed his direction and we a pullback @7.381 toward down.
Then we can see a another BOS and a good BIG BULL CANDLES. So I marked my second OB for LONG.
first RRR 1:3
second RRR 1:3
NOW WAIT FOR MITIGATION!
CORRECT ME IF I'M WRONG!!!
Dotusdtlong
💡Don't miss the great buy opportunity in DOTUSD @PolkadotTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 43.24
TP2= @ 44.77
TP3= @ 47.34
TP4= @ 49.90
TP5= @ 52.00
SL= Break below S2
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DOT/USDT 1HOUR UPDATE Welcome to this quick dot/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- dot/usdt is bullflag confirm and entry green zone fast by the dip.
Entry:- $40.60, $41.40
Traget:- 15% to 20%
Stoploss:- $38.90
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...