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DOT 3x Long / Tether

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DOTUSDT.3L trade ideas

DOTUSDT 1HDOT/USDT Watching these levels can be useful to identify potential entry points: it is currently showing supports at 5,162 and 5,119. This indicates that these are the price levels at which buying pressure has historically entered and reversed a downward trend. Considered short-term targets or points to consider taking profits: On the resistance side, we see hurdles at 5,238 and 5,258. The MACD , a trend-following indicator that shows momentum, is pointing down. This can indicate a downtrend or a loss of momentum in the uptrend. The RSI , an indicator of momentum, shows exhaustion of selling forces. This could suggest that price action may start to reverse into an uptrend if there are no more bears to push the price lower. The Chop indicator is at 43.17 which is below 50 which is generally considered a trending market. So, although there is some degree of consolidation, the price is still moving significantly. Given the "needle" move (a quick downward price move followed by an equally quick rebound) it is possible that price action is bouncing back, these moves are quite common on Sundays in the cryptocurrency market.
Long
by ferulianov
DOTUSDT Sideways Trading Strategy! 🚀 DOTUSDT Sideways Trading Strategy! 📉 #DOTUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket Greetings, fellow traders! 🌟 Today, I have an exciting trading opportunity in the DOTUSDT cryptocurrency pair. The 1-hour chart reveals a sideways market, lacking a clear bearish or bullish trend. To capitalize on this situation, I have devised two trade plans utilizing buy stop and sell stop orders, strategically aligned with key support and resistance levels. 📉 Trade Plan 1 - Sell Stop 📉 🎯 Entry: At S2, 5.100 🛡️ Stop Loss: Above S1, 5.160 🎯 Take Profit: 1:1 at 5.040 In this plan, we aim to profit from potential downside movement within the current sideways range. The entry at S2 suggests a bearish continuation, while the stop loss placed above S1 provides a safeguard in case of any price reversals. The take profit target of 5.040 offers a balanced reward-to-risk ratio. 📈 Trade Plan 2 - Buy Stop 📈 🎯 Entry: At R2, 5.336 🛡️ Stop Loss: Below R1, 5.273 🎯 Take Profit: 1:1 at 5.399 With this plan, we seek to benefit from potential upward momentum. The entry above R2 indicates a bullish breakout, and the stop loss positioned below R1 helps manage risk effectively. The take profit target at 5.399 ensures a 1:1 risk-to-reward ratio, aiming for a feasible profit within the range. As a responsible analyst, I must emphasize the importance of risk management in your trading endeavors. Trading sideways markets can be challenging, so it's crucial to use appropriate position sizing and not invest more than you can afford to lose. Best of luck! 🍀 Happy trading! 🚀💹
by T-Q
DOTUSDTThe presence of supports at 5.26 and 5.24 indicates that traders have shown interest in buying DOT at these price levels, which may help limit further declines. The resistances at 5.31 and 5.37 show that DOT may find it difficult to overcome these price levels, and traders may consider taking profits around these values. A cross of the MACD lines to the downside suggests that the uptrend may be temporarily losing steam or undergoing a correction. The formation of the perfect bullish trough indicates that the DOT bullish trend is still valid and may offer a buying opportunity, especially when the price is close to the lower edge of the trough. Supports: 5.26 and 5.24 Resistances: 5.31 and 5.37 MACD Indicator: Lines Crossing Down Price Pattern: Formation of a "perfect bullish trough" with the DOT near the bottom edge.
Long
by ferulianov
DOTUSDT 1DInterval ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line, from which, as you can see, the price breaks out at the bottom. Moving on, we can move on to marking support areas when we start a larger correction. And here the price stays ahead of the first support zone from $5.16 to $4.97, then we have a second very strong support zone from $4.79 to $4.53, and when the price goes lower we have support at 4.20 $. Looking the other way, we see price bounce off the $5.27 resistance, then $5.60 resistance, a third resistance at $5.94, then a fourth resistance at $6.39. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI is moving around the middle of the range, while the STOCH indicator indicates crossing the lower limit, which can give a temporary sideways trend for the price or a rebound.
by cryptodailyuk
DOT/USDT Downwards movement??Hey traders 👋 Let's kick off this day with DOT coin where we see a good potential for some bearish movement. We won't keep it long here but we want you to keep an eye on upper resistance zone at $5.70 and also the EMA zones(lines) where we are having a re-test currently! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowPremium
2
Elliott waves counting on DOTfollowing my previous analysis on DOT at this publish I will survey the Elliott waves on this pair. as you can see price bounced up from 4.2$ as the bottom level and hit my first key resistant level 5.6$ before drop.( from my previous analysis) at the moment if we accept first impulsive wave 1 of (abcde) completed then we are looking for correction wave 2 to complete. now based on my theory wave (a) from wave 2 done and now price is moving on wave (b). if it is then still wave (c) need to run yet. so I can estimate the area around my baseline would be the target of wave (c) to complete the wave 2. breaking above the trend line and closing above last high means all wave 1 and 2 already completed and we are looking for next impulsive wave 3. in the case of closing below the baseline of my chart (around 4.7$) means this wave counting may not validate yet. let's see Enjoy the market
Long
by bestfarbit74
28
Brief Analysis ——DOTToday, we share three tokens, all of which were relatively popular yesterday. They are LINK, DOT and SNX. After DOT repaired the loss of FUD, it maintained the fluctuating for half a month. Bulls attacked the 5.6 twice but failed. Today is the third attack. This position is the high of the stacking area in May, so there is a lot of resistance. After the long green candle appeared last week, consecutive red candles followed, close to recovering the gains of the long green candle. Although the price held above the black line, the bears persisted for a long time. Conclusion: Mostly fluctuation. DOT maintain neutral on a large scale and bulls isn’t much ahead on a small scale. Therefore, we believe that there is a high probability of maintaining fluctuating. The price may keep in the area of the red and black lines this week. We set resistance level at 5.6 and support level at 4.8. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool