oxMarvel

Polkadot $DOT Price breakdown

Long
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BINANCE:DOTUSDT.P   DOT / TetherUS PERPETUAL CONTRACT
This is a price breakdown of BTCUSDT.P based on Smart money concept in combination with Supply and demand and candlesticks.
By using the following:
- Fractals Period 2: major and minor high and lows were identified.
- Trend Change and break of structure were drawn to identify the trend.
- Supply and demands zones were identified by using reversal patterns such as engulfing candlesticks to ensure area of entries and exits.
- Fair value gaps were identified on the charts to identify future reversals.

I believe after market shift formation, Price tends to break the structure to revisits previous demands and supply zones. In this case, It is around a demand area which may indicates a possible bullish signals.
Entry and exits with stop loss are drawn.

Trade geschlossen: Ziel wurde erreicht

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