DOT - Potential Bullish Reversal!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

WEEKLY: Left Chart
DOT is overall bearish however it is currently sitting around a strong demand zone 5.0 - 7.0 so we will be "looking" for buy setups on lower timeframes.

H4: Right Chart
DOT is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, DOT can still trade lower inside the demand zone or even break it downward.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich