Evening Traders,
Today’s analysis – DOTUSDT – trading in a clear uptrend with consecutive higher lows,
Points to consider,
- Price Action Impulsive
- Consecutive Higher Lows
- Price Action Range
- Declining Volume
DOTUSDT’s immediate price action is trading in a higher low structure potentially putting in a higher low, allowing for a bullish bias.
The price action is also trading in a potential range, where an accumulation period will lead to a potential bullish breakout.
The volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, DOTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The mind is a fascinating instrument that can make or break you.” ― yvan Byeajee
Today’s analysis – DOTUSDT – trading in a clear uptrend with consecutive higher lows,
Points to consider,
- Price Action Impulsive
- Consecutive Higher Lows
- Price Action Range
- Declining Volume
DOTUSDT’s immediate price action is trading in a higher low structure potentially putting in a higher low, allowing for a bullish bias.
The price action is also trading in a potential range, where an accumulation period will lead to a potential bullish breakout.
The volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, DOTUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The mind is a fascinating instrument that can make or break you.” ― yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.