DOTUSDTTwo potential plays based off of how price action moves:
Play #1, Pick up some shares of DOT at bottom line of support (38.50ish) Stop loss of $36 (-5%) Take Profit: $45 resistance
Play #2, If DOT doesn't see price action at bottom line of support and runs to $45 resistance, Will enter after a confirmation candle on the 1hr chart.
Note
Play #1: DOTENTRY: 38.66
Target: $44.5
Stop loss: 34.794 (10%)
Note
Clean break above blue resistance and we can see serious movement
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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.