DOTUSDT Price Action| Rising Channel| Trend| Volume

٨ نوفمبر ٢٠٢١

Evening Traders,

Today’s analysis – DOTUSDT – trading in a clear uptrend with consecutive higher lows,

Points to consider,
- Price Action Impulsive
- Consecutive Higher Lows
- Price Action Range
- Declining Volume

DOTUSDT’s immediate price action is trading in a higher low structure potentially putting in a higher low, allowing for a bullish bias.

The price action is also trading in a potential range, where an accumulation period will lead to a potential bullish breakout.

The volume profile is below average, an influx is highly imminent when testing a key trade location.

Overall, in my opinion, DOTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“The mind is a fascinating instrument that can make or break you.” ― yvan Byeajee