🚀 $DOT
LONG SETUP 🚀
DOT ripped off the sharp drop to $1.0075, reclaimed its 99 MA, and is now consolidating in a tight range just under the $1.2965 high. I’m watching for a long on a dip into the support cluster, not chasing the current candle. 📈
Entry: $1.2350 – $1.2500
TP1: $1.2800
TP2: $1.3100
TP3: $1.3500
SL: $1.2150
🔺 Why DOT is on watch:
Price ($1.2590) is above the 7 MA ($1.2555) and the 25 MA ($1.2484), and well above the 99 MA ($1.1603), which has flattened and is starting to curl up The structure shows a strong breakout from $1.0075 with higher lows, and the pullback from $1.2965 is a tight, orderly range, so it looks like consolidation, not distribution Volume has cooled as price consolidates near the highs, a sign sellers are not pressing hard The 25 MA ($1.2484) is the first support, with the $1.2350 area as the dip-buy zone and the 99 MA ($1.1603) as the last line of defense. A 1H close under $1.2150 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP 🚀
DOT ripped off the sharp drop to $1.0075, reclaimed its 99 MA, and is now consolidating in a tight range just under the $1.2965 high. I’m watching for a long on a dip into the support cluster, not chasing the current candle. 📈
Entry: $1.2350 – $1.2500
TP1: $1.2800
TP2: $1.3100
TP3: $1.3500
SL: $1.2150
🔺 Why DOT is on watch:
Price ($1.2590) is above the 7 MA ($1.2555) and the 25 MA ($1.2484), and well above the 99 MA ($1.1603), which has flattened and is starting to curl up The structure shows a strong breakout from $1.0075 with higher lows, and the pullback from $1.2965 is a tight, orderly range, so it looks like consolidation, not distribution Volume has cooled as price consolidates near the highs, a sign sellers are not pressing hard The 25 MA ($1.2484) is the first support, with the $1.2350 area as the dip-buy zone and the 99 MA ($1.1603) as the last line of defense. A 1H close under $1.2150 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!