Trade Setup for #DOT/USDT 📈🚀
🔄 Pattern: Falling Wedge
🚀 Breakout: Confirmed, signaling a Bullish momentum
🎯 Target: $8.00 (+10% gain), potential extension to $9.50
⚖️ Stop Loss: $6.50
📉 Pattern Analysis: Bullish breakout from a Falling Wedge pattern, often indicating an uptrend. Swing traders may capitalize on emerging patterns.
📈 Trend: Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
🚀 Momentum: Bullish, with MACD Line above MACD Signal Line and RSI above 55.
💪 Support/Resistance: Nearest Support Zone at $5.80, followed by $5.00. The nearest Resistance Zone is $8.00, with a potential extension to $10.00.
Trade wisely and stay adaptable! 🌐🚀
