đAs it's Friday, with just one day left in the trading week, it's crucial to consider closing positions before the week's end to mitigate weekend volatility.Today's focus is on DOT, exhibiting a clear Dow Theory analysis. Currently, it finds support at $8.712, with a significant resistance level at $10.349, aligned with the POC of the fixed range volume profile.
đGiven the bullish daily and weekly trends, we can explore long-risk triggers. The current ceiling stands at $9.483, and a breakout could signal a long entry.
đFor short positions, we look to the Dow Theory's recent low at $8.712, aligning with its descending trend.
đWhile volume is declining, this can be attributed to the overall corrective nature of recent declines on the weekly timeframe, suggesting the potential for an upward reversal at any moment.
đ§ đŒIt's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
đGiven the bullish daily and weekly trends, we can explore long-risk triggers. The current ceiling stands at $9.483, and a breakout could signal a long entry.
đFor short positions, we look to the Dow Theory's recent low at $8.712, aligning with its descending trend.
đWhile volume is declining, this can be attributed to the overall corrective nature of recent declines on the weekly timeframe, suggesting the potential for an upward reversal at any moment.
đ§ đŒIt's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von RatschlÀgen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.