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Professor Mike
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Bullish
$DOT USDT Chart Analysis 💯🔥🔥
Observations:
$DOT is forming a falling wedge pattern, similar to the setup that recently led to a bullish breakout in $ENA. Price is nearing the upper resistance of the wedge, signaling a potential breakout opportunity.
🎯 Key Levels:
• Entry Zone: $8.85 - $8.95 (on breakout confirmation)
• Stop Loss: Below $8.70 (to manage risk)
• Target Levels: $9.20 - $9.40 (initial targets), with potential to hit $9.60 if the breakout sustains
📊 Strategy:
• Wait for a strong candle close above the wedge resistance (~$8.95)
• Confirm breakout with supporting volume
• Secure partial profits at target levels and trail stop loss to maximize gains
🔑 This setup is valid for both spot and futures trades.
#FullMarketBullRun #BinanceAirdropsCATandPENGU #VANAOpening #MarketNewHype
Observations:
$DOT is forming a falling wedge pattern, similar to the setup that recently led to a bullish breakout in $ENA. Price is nearing the upper resistance of the wedge, signaling a potential breakout opportunity.
🎯 Key Levels:
• Entry Zone: $8.85 - $8.95 (on breakout confirmation)
• Stop Loss: Below $8.70 (to manage risk)
• Target Levels: $9.20 - $9.40 (initial targets), with potential to hit $9.60 if the breakout sustains
📊 Strategy:
• Wait for a strong candle close above the wedge resistance (~$8.95)
• Confirm breakout with supporting volume
• Secure partial profits at target levels and trail stop loss to maximize gains
🔑 This setup is valid for both spot and futures trades.
#FullMarketBullRun #BinanceAirdropsCATandPENGU #VANAOpening #MarketNewHype
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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