Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see that the price is moving in the channel marked by the yellow lines and that we are at the upper end of that channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.46
T2 = $ 6.76
T3 = $ 7.01
T4 = $ 7.26
and
T5 = $ 7.60
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.38
SL2 = $ 6.28
SL3 = $ 6.14
and
SL4 = $ 5.96
Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy for movement, and the MACD indicator shows a local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.46
T2 = $ 6.76
T3 = $ 7.01
T4 = $ 7.26
and
T5 = $ 7.60
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.38
SL2 = $ 6.28
SL3 = $ 6.14
and
SL4 = $ 5.96
Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy for movement, and the MACD indicator shows a local upward trend.