DOTUSD Potential for Bearish Continuation | 2nd August 2022On the H4, with price breaking the ascending channel , we have a bearish bias that price might drop from our buy entry at 7.53, which is in line with 100% projection and 61.8% fibonacci retracement to the take profit at 6.57, which is in line with overlap support and 161.8% fibonacci projection . Alternatively, price may rise to our stop loss at 9.03, which is in line with the swing high. Take note the 8.02 could be our intermediate resistance, which is in line with the 78.6% fibonacci rertracement.
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