DOTbtc Potential breakout + price discovery == opportunityThis is one i've been stalking for some time as well. DOT had a nice run up and met resistance pretty darn close to the ATH where it was rejected. It made another attempt building one of my favorite patterns to trade.
Three ways to play it:
1) Take a position around the current area if it fits your trade plan. This is the riskier entry but higher RR potential.
2) Wait for the break and retest of the resistance now turn support. This is safer but it may explode past and skip the retest.
3) Set a buy stop above resistance to catch the break. I dont like doing this since sometimes i can roll over on you.
Also look at the USDT pair for an entry if you play those. Its already broken out...twice.
DOTBTC
DOT as no top - Altseason 2021Dot is one of the leaders of DEFI coins and it is only going from one level accumulation to another. Higher and higher.
It just broke out of the last bull flag and already retested.
From the target it should re-accumulate for another level.
Really its almost Blue Sky ahead, price discovery. See under in comments the BTC pair chart, wich is showing more whats to come...
Target on chart.
$DOT, Volume starting to gain momentum again...$DOT
Volume starting to gain momentum as it bounces from ~47k sats
Keeping the HH-HL sequence w/ UCTS remaining bullish across HTFs.. (~40% since UCTS Buy signal on the daily)
For now, looking for ~52k to hodl & aiming for a potential all time high retest/breakout..
#DOT
DOTUSDTDOTUSDT (4H CHART) Technical Analysis Update
DOT/USDT currently trading at $19.60
Buy-level:$18-$20( Wait for the small retracement)
Stop loss: $16.95
Target 1: $25
Target 2: $30
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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$DOT, Retesting ~51k sats level after almost reaching ATH...$DOT
Retesting ~51k sats level after almost reaching ATH...
To keep the dream alive I would like to see a bounce, allowing a flip to support of this level (Even at ~47k is still a HL)
That may allow a new try at ATH over the next days..
Let see how it goes!
#DOT
#DOT, Testing ~52k sats level with volume..$DOT
Testing ~52k sats once again w/ increasing volume & making a HH...
Feeling confident that a close above this level this may make it go for a all time high test & potential breakout
(if #BTC keeps it cool)
UCTS bullish across all timeframes (30%+ since entry)
#DOT
DOTUSDT ANALYSISRight now DOT is pushing down the narrowed Bollinger Bands down on its support, which might take the price down to the 14-15 area.
if it bounces after a little consolidation on the current support, then touching resistances around 18 and 19 are expected.
Good Luck 🎲
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