DOTUSDT Short-term trading strategy
Updated
DOTUSDT4H trend chart
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We could see an obvious uptrend line keeps supporting the price
After price hit Fib(0.382), it rallied back to Fib(0.618) and also broke the downtrend line up.
Currently, downtrend line is broken out, and if price could still take out this line and stand firm after this 4H candlestick done
Our short-term trading strategy as below
*Although they are bullish signals, we shall consider the falling market statement.
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Profit Targets:
a) 37.460----Fib(1)
b) 39.725~40.640----Fib(1.272~1.382)
Stop losses:
a) 32.310----Red horizontal ray
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Note
Congrats!
If you followed this trading plan,
Hold it or you could take profit anytime u want.
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