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Trade SetupAsset: DOT/USDT Trade Type: Long Entry Price: $6.68 (current price near the breakout level) Take-Profit: $7.00 (next significant resistance level) Stop-Loss: $6.55 (below the recent support level to limit risk) Risk-to-Reward Ratio: ~3:1 Reasoning: Falling wedge breakout with confirmation from Parabolic SAR and favorable risk-to-reward ratio. The breakout suggests a potential continuation of the uptrend towards the resistance at $7.00. Technical Analysis (DOT/USDT - 15 Min Chart) Chart Pattern: The chart displays a falling wedge pattern, which is generally considered a bullish continuation pattern. The price is consolidating with lower highs and lower lows inside the wedge, but it is approaching a breakout point. Breakout Confirmation: The price has slightly broken above the resistance line of the falling wedge, signaling a potential upward move. Parabolic SAR: The Parabolic SAR dots have shifted below the price, which is a bullish signal indicating the possibility of a new uptrend. Support and Resistance: Support Level: $6.55 (recent low within the wedge)Resistance Level: $7.00 (next major resistance zone) #Polkadot #BinanceAlphaAlert #TradeSignal
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