DOT / TetherUS
Updated

Dotusdt Trading opportunity

6 218
Dotusdt pair is currently trading above a significant trendline, which has recently served as a robust resistance barrier. Following the breakout, there was a noticeable retracement towards the trendline, resulting in a considerable rebound.

Our plan involves adopting a cautious approach, awaiting a secondary approach towards the trendline before initiating a long position. It is crucial to closely monitor the immediate resistance level indicated on the chart.

A breach above this level could catalyze a substantial increase in trading volume for the coin, thereby presenting an opportune moment to enter a long position on the subsequent pullback should the price successfully exceed this threshold.

Furthermore, the ultimate bullish objective in the medium term is identified as a pronounced supply zone.

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Thank you.
Trade active
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Trade active
Price still respecting the important trendline as shown on the chart,

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Trade active
Trade active
Price push down towards the main demand area and this zone become important demand zone for long accumulation.

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Note
Trade going well, it's a massive drop below our previous accumulation zone but now price holding firm above it.

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Note
We do expect external demand zone to hold, so any time price make a test towards this zone make sure to accumulate more coin.

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