$DOT is showing strong momentum after breaking above the $1.02 area, but Iâm not chasing the pump here.
My setup:
đą Long Entry: $1.04 â $1.08 on a confirmed pullback đŻ TP1: $1.13 đŻ TP2: $1.19 đŻ TP3: $1.27 đ Stop-loss: Below $0.98
The move has come with strong volume, and $1.13â$1.19 is the next area I am watching for resistance. Technical data also points to $0.98â$1.00 as an important support zone.