🔥 DOT Pennant Break-Out: New All Time High Soon?
DOT has seen a rather long period of consolidation. In the last two days, helped by Bitcoin's surge, DOT has managed to break-out of the pennant. Assuming this bullish move from Bitcoin will keep going for a while, I'm expecting DOT to follow.
I've placed the entry line above the previous local high around $38,70. Wait for the price to close above the Entry line before entering a trade.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
I've placed the entry line above the previous local high around $38,70. Wait for the price to close above the Entry line before entering a trade.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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