DOT new entry chance

20. Aug. 2021The last idea was posted on Aug.06. You can find the link below. 41% profit since then. Now right on the level that has acted as big support in the past, so now should be big resistance. RSI is high, but not oversold yet on 1hr chart, volume going down and we have a chance for a retest of the previous low. If you are not into scalp trading, a short trade is possible only if that (red on the chart) level is broken, or the support line of this ascending channel. If this ascending channel is broken to the upside, we could see a parabolic upside move, since this is a bearish figure, and if broken down, some bigger correction is in the cards. If still in a long trade, I recommend moving stop loss under the support line of this channel... Below is also a chart of a longer timeframe for the big picture...

20. Aug. 2021

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Big Picture