๐ฏ Entry Point:
Long spot trade at the break and retest of $10.00 resistance on a 4HR candle.
๐ฏ Take Profit Levels:
First target: $11.30 - $12.00
Second target: $16.00 - $17.00
๐ Stop Loss:
Just below $9.50 to manage downside risk.
๐ Strategy Rationale:
Taking advantage of breakout momentum with a confirmation retest strategy.
Targets set at key resistance levels for potential profit-taking.
Tight stop loss to manage risk in case of a reversal.
๐๐ Note: Monitor price action closely for confirmation and adjust strategy accordingly. #DOT #TradingStrategy #Breakout ๐ข๐