DOTUSDT - Good time to take entry/Trading straytegy
DOTUSDT1H trend chart
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Price has finally broken out the downtrend line.
Also it took the trend line with a great solid candle.
Now, it is facing some resistance from Fib(0.5)
So, if price can be keeping at $42.225, trading strategy as below.
We can still gain a good R-R ratio over than 2
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Profit Targets:
a) 44.81----Fib(1)
b) 46.22~46.785----Fib(1.272~1.382)
c) 49.985----Fib(2)
Stop losses:
a) 41.310----Red horizontal ray
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