BINANCE:DOTUSDT Hello everyone π Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#DOT is breaking of the current pennant now ! EMA50 has reached the movement so it can be the next support after breakout or rejection from here. Also MACD is having a bullish crossover and it's still moving in bullish zone. - Factors are massively bullish for #DOT and based on FIB extension's level, It can Reach $60 after a breakout above ATH. So current breakout can be a lead for #DOT to reach the ATH and the it'll follow #BTC for sure !
π΄ Nothing has been confirmed yet; So wait for the breakout confirmation and a retest on the broken trendline. keep following this Idea, I'll try to update it after the confirmation ASAP.
Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision.
@michaeltingson66, Confirmation means to see at-least 2 candle closes above the broken level ! On high-cap or mid-cap pairs you need to have patience to take the best entry level to reduce your risks and cover the huge mount of RR decline...
It's not only for this trade or 2 others; You need to do that on everyone that you don't have enough clues to lay on. You may miss this trade, But you won't miss your portfolio at-least :D
@michaeltingson66, This idea is a great example of confirmation needed ! I said to wait for confirmation on FTM's idea too. But if someone didn't care about that and buy before confirmation, Then he/she might face 15% drop !