DOT is setting up for a long trade with a confidence level of 64%. Current market structure is showing a break with key levels to watch.
đą $DOT LONG đ
Entry â $0.774225-$0.775775
Stop â $0.751750 (-3.0%)
TP1 â $0.786625 (+1.5%)
TP2 â $0.813750 (+5.0%)
R/R 1:1.7 âą Confidence 64%
The CHoCH signal has fired, indicating a break of market structure, while CVD confirms direction with volume. Additionally, the presence of an FVG, OB, and liquidity sweep, combined with a POI confluence of OB and FVG overlap, supports this long setup. The overall structure looks favorable for a move upwards.
A 3.0% stop loss is considered relatively wide, allowing for a moderate leverage of around 2-3x to be applied to the trade.
Taking partial profit at the first target point could be a good strategy to secure some gains, given the risk-reward ratio of 1:1.7
As always: manage your risk, this is not financial advice đ
$DOT #DOTUSDT #crypto #TradingSignals #Write2Earn
đą $DOT LONG đ
Entry â $0.774225-$0.775775
Stop â $0.751750 (-3.0%)
TP1 â $0.786625 (+1.5%)
TP2 â $0.813750 (+5.0%)
R/R 1:1.7 âą Confidence 64%
The CHoCH signal has fired, indicating a break of market structure, while CVD confirms direction with volume. Additionally, the presence of an FVG, OB, and liquidity sweep, combined with a POI confluence of OB and FVG overlap, supports this long setup. The overall structure looks favorable for a move upwards.
A 3.0% stop loss is considered relatively wide, allowing for a moderate leverage of around 2-3x to be applied to the trade.
Taking partial profit at the first target point could be a good strategy to secure some gains, given the risk-reward ratio of 1:1.7
As always: manage your risk, this is not financial advice đ
$DOT #DOTUSDT #crypto #TradingSignals #Write2Earn