DOT has multiple factors indicating that we may be getting a bounce soon from the 38 level.
We have:
Structure
38.2 Fibonacci
Ascending Trendline
Trade Idea:
Watch for price to reject the level indicated and enter with stops below the ascending trendline.
Target: recent high for first TP and -0.27 for second TP
If we break below the ascending trendline, our bullish outlook will be invalidated.
We have:
Structure
38.2 Fibonacci
Ascending Trendline
Trade Idea:
Watch for price to reject the level indicated and enter with stops below the ascending trendline.
Target: recent high for first TP and -0.27 for second TP
If we break below the ascending trendline, our bullish outlook will be invalidated.