TradingView
EthanTW
9 de Oct. de 2021 4:40

DOTUSDT Consolidate and wait for entry!/Trading Strategy Largo

DOTUSDT SPOTBybit

Descripción

BYBIT:DOTUSDT
1H trend chart
-
With the strong support zone, that was formed from long-term neckline, and the upper downtrend line.
Both keep price converging in a triangle formation, direction is still unknown.
So just wait for a break from this triangle.
If the upper downtrend line can be broken out, trading strategy as below.
-
Profit Targets:
a) 35.320----Fib(1)
b) 37.005~37.685----Fib(1.272~1.382)
c) 41.510-----Fib(2)

Stop losses:
a) 32.430----Redhorizontal ray
-
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

Comentarios


*New SL: $34.825
Congrats guys, you definitely took some profit on 1st TP.
Now, whole market is facing a pullback.
During this correction, DOT obviously gets support on Fib(1) around $35.3
But don't forget setting your SL up.
For who have followed this trading strategy, I suggest you could move your SL upper to assure your profit.
So I setup a new SL on $34.825(blue horizontal line) or you can take profit anytime after this surge.

Like this analysis and leave comment below if have any questions or ideas!

Comentarios


Guys, DOT hit 2nd TP. Congrats!
Don't forget to take a part of profit, and let's wait for 3rd TP
Comentarios
jmancharts
I like it, thank you sir!
EthanTW
@jmancharts You’re welcome, hope u take a great profit
mahmoodmalekshahi8
36.225 first target touch
EthanTW
@mahmoodmalekshahi8 Yup! remember to take some profit if you’ve followed this trading strategy.
ParsTronAda
great analyze Thank you
EthanTW
@ParsTronAda Thanks, hope you have a nice profit
famousExpert39394
@EthanTW, thanks for this man!
Do you think the pull back is done now or it might go lower?
EthanTW
@famousExpert39394, All crypto market are going down right now, it's normal, so just give DOT some time to make correction after surge, it's better for price to form a better pattern.
Also, you could refer to my updated idea to setup your new SL.
falahrasul2362
Good
EthanTW
Más