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Dotlong

DOT Struggling on Higher Timeframes In the last 5 months DOT has lost 70% of its value, it corrected till 0.886 on Fibonacci until it found a local bottom & bounced off $15. DOT Higher timeframes: However, DOT is still struggling to break above the supply at $23 - $24, which is now acting as a strong resistance on higher timeframes. We need DOT to close a weekly candle above the supply zone $24 for further upside or else it will go for further correction. DOT Lower timeframes: On lower timeframes, we're currently retesting the breakout, if we hold it will retest the $23 - $24 supply zone. Look for entries on lower timeframes for short term trade, for longterm look out for clear break through above the strong supply zone $23 - $24.
Long
by TychonTrades
DOT Sign of Strength RallyThe DOT price has been observed in a horizontal re-accumulation trading range from Jan 21, 2022 to the present. The DOT price is pushing up against the trading range resistance in what appears to be an SOS rally. I will make a long entry in this presumed SOS rally (around $21.5) and take profit around the next resistance cluster around $28. I may add to the position at the BU/LPS. The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines. Blue arrows mark volume spikes. Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust (FUT), selling climax (SC), sign of strength (SOS), back up (BU), last point of support (LPS), last point of supply (LSPY). This is not financial advice. I am not your financial advisor. This is my opinion.
KRAKEN:DOTUSDLong
by Eightchains
3