📈 $DOT / USDT Scalp Long Setup (5m)
The Thesis:
$DOT has formed a classic symmetrical triangle (bull pennant) on the 5-minute timeframe following a strong impulse move up from the $1.55 level. Price is currently compressing, testing the lower support trendline around $1.636. This pattern typically acts as a continuation setup, and we are looking to position for a breakout to the upside.
Direction: LONG 🟢
Optimal Entry Zone: $1.630 - $1.645
(Scaling in near the lower support trendline, or waiting for a confirmed 5m candle close above the descending resistance).
Stop Loss (SL): $1.615
(A clear 5m close below the lower trendline and local structural support invalidates the pennant).
Scalp Targets:
TP1: $1.680 (First local resistance zone inside the triangle structure)
TP2: $1.720 (Previous lower-high resistance)
TP3: $1.750 (Retest of the 24h high and top of the flagpole)
