$DOT is breaking out of its long accumulation base, with the Elliott structure now pointing toward a potential Wave 5 expansion above the $1.032 breakout level.
Entry: $0.98–$1.03
SL: $0.92
TP: $1.105
TP: $1.188
Final TP: $1.298
Price built a strong base around the $0.723 support zone before completing the earlier waves and developing a clear rising trendline. The 1H chart now shows powerful momentum as pushes through $0.933 and reaches the $1.032 resistance area.
A controlled retest around $0.98–$1.03 could provide a cleaner continuation entry rather than chasing the breakout. If the rising structure remains intact above $0.92, the projected Wave 5 targets sit at $1.105, $1.188 and potentially $1.298.
$TRUMP
$MELANIA
Entry: $0.98–$1.03
SL: $0.92
TP: $1.105
TP: $1.188
Final TP: $1.298
Price built a strong base around the $0.723 support zone before completing the earlier waves and developing a clear rising trendline. The 1H chart now shows powerful momentum as pushes through $0.933 and reaches the $1.032 resistance area.
A controlled retest around $0.98–$1.03 could provide a cleaner continuation entry rather than chasing the breakout. If the rising structure remains intact above $0.92, the projected Wave 5 targets sit at $1.105, $1.188 and potentially $1.298.
$TRUMP
$MELANIA