DOTECOUSDTPREP (DOTECO) - POTENTIAL BREAKOUT ANALYSIS 🔎
- DOTECOUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Dotecousdt
$DOTECO/USDT 90m (Binance Futures) Descending channel breakoutDotEco (Polkadot Ecosystem) was launched 10 days ago, looking after that bullish break and retest.
Current Price= 1061.7
Buy Entry= 1054.8 - 1040.8
Take Profit= 1097.4 | 1143.0 | 1204.1
Stop Loss= 1251.68
Risk/Reward= 1:1.2 | 1:2.29 | 1:3.77
Expected Profit= +14.19% | +27.27% | +44.76%
Possible Loss= -11.88%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h
