DOTUSD 1H - Bear Trend
Analysis:
DOTUSD is currently in a bearish trend. If the price breaks below 5.92 which is previous lower low level, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be at 6.48 which is the previous lower high level.
------ Trade ------
Type: Short
Entry: 5.92
Stop Loss: 6.48
TP1: 5.36
TP2: 4.80
DOTUSD is currently in a bearish trend. If the price breaks below 5.92 which is previous lower low level, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be at 6.48 which is the previous lower high level.
------ Trade ------
Type: Short
Entry: 5.92
Stop Loss: 6.48
TP1: 5.36
TP2: 4.80
Disclaimer
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.