Hi friends! DOT is close to it`s $6 lows where a lot of long traders stop losses are set. It`s the nice area, where the big player can collect enough liquidity to open a long and a huge growth can continue.
๐ The preconditions to open a long: 1. false breakout of the $6 key level where a lot of retail traders sl`s are set 2. volume growth which confirms that buyers makes it`s purchases 3. DOM and Footprint show us the huge LIMITS WALL to buy 4. of course, bullish BTC help DOT to PUMP
๐ฉLast time DOT wasn`t strong enough to make break up of the rising wedge. It will be nice to see the strength of buyer during the false breakout of $6 key level and DOT will go to grow and brake up the falling wedge.
๐ The targets: ๐ฅ $9-9.5 - the closest value area and the resistance ๐ฅ $11.9 - the key level
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.