#DOT /USDT Ready to go higher
$DOT is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is poised to bounce upwards. A retest of this boundary is expected to strengthen the rebound.
The Relative Strength Index (RSI) is showing a downward trend and is expected to break above it.
There is a key support zone in green at 1.22. The price has bounced from this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This supports the short-term uptrend.
Entry Price: 1.25
Target 1: 1.32
Target 2: 1.41
Target 3: 1.52
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money management.
TRADE $DOT HERE đ
DOTUSDT
Löpande
1.257
-1.10%