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
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 ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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 ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.