$DOT /USDT Trade Setup – Both Sides 🚀📉
Chart Overview: #DOT_UPDATE
DOT/USDT is forming a symmetrical triangle pattern, suggesting a potential breakout in either direction. Here's the trade setup for both bullish and bearish scenarios:
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🔹 📈 Bullish Trade Plan
1. Trigger:
A 4-hour candle close above $8.57, breaking the upper trendline with strong volume.
2. Targets:
First Target (Resistance): $10.03 🎯
Second Target (Bullish breakout): $11.50 - $12.00 🚀
3. Stop-Loss:
Below the $8.39 support level (approx. $8.20). 🔴
4. Confirmation:
Look for high trading volume 📊 to validate the breakout.
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🔹 📉 Bearish Trade Plan
1. Trigger:
A 4-hour candle close below $8.39, breaking the lower trendline with volume confirmation.
2. Targets:
First Target (Support): $7.48 🎯
Second Target (Bearish breakout): $7.00 📉
3. Stop-Loss:
Above the $8.57 level (approx. $8.80). 🔴
4. Confirmation:
Ensure volume increases 📊 to avoid a false breakdown.
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🔹 Key Notes:
Symmetrical triangles can break in either direction, so wait for confirmation before entering a trade. ⏳
Use proper risk management with stop-losses and position sizing to protect your capital. 💡
Monitor volume spikes to confirm the breakout direction. 🚦
Keep an eye on these levels and adapt your strategy based on the movement. Happy trading! 🤑📈📉