๐ Current Market Status:
DOT breaking through a resistance line dating back to around December 25th.
๐ Chart Analysis:
Approaching the $7.00 - $7.30 area of resistance.
๐ Trading Strategy:
50% Entry: Enter 50% of the allocation if DOT regains the $7.00 level.
Remaining 50% Entry: Allocate the remaining 50% upon breaking through $7.30.
Take-Profit Areas: $8.00 - $8.50 and then $9.60 - $10.00.
Stop-Loss: Set at around $6.70.
๐ฃ Conclusion:
Strategically enter positions based on key levels.
Set take-profit areas and manage risk with a defined stop-loss.
Trade wisely! ๐๐ก #DOT #TradingStrategy #CryptoMarket ๐๐
DOT breaking through a resistance line dating back to around December 25th.
๐ Chart Analysis:
Approaching the $7.00 - $7.30 area of resistance.
๐ Trading Strategy:
50% Entry: Enter 50% of the allocation if DOT regains the $7.00 level.
Remaining 50% Entry: Allocate the remaining 50% upon breaking through $7.30.
Take-Profit Areas: $8.00 - $8.50 and then $9.60 - $10.00.
Stop-Loss: Set at around $6.70.
๐ฃ Conclusion:
Strategically enter positions based on key levels.
Set take-profit areas and manage risk with a defined stop-loss.
Trade wisely! ๐๐ก #DOT #TradingStrategy #CryptoMarket ๐๐
