COIN NAME: $DOT
SIGNAL TYPE: LONG
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I hope you’ve checked out the chart I’ve drawn. The resistance level is quite strong, but DOT has managed to break through it, achieving a successful breakout. 🚀 I’m optimistic it will pump further from here. If DOT retraces and falls below the breakout point, it could drop to 5.481, a potential 9.85% decline. Despite this, I remain bullish on DOT, and I’ll explain the reasons for my confidence below.
Take a look at my other chart focused on the EMA Ribbon. On the 1-hour timeframe, the EMA Ribbon is indicating bullish momentum. 📈 The yellow line is trending upward, while the red line is beginning to form its weak shadow, signaling further upward movement. 🚀
Another key indicator is the RSI hidden bullish divergence. After forming a perfect hidden bullish divergence, DOT has started producing green candles. 📈 I believe DOT will continue this bullish trend with more green candles ahead. 🌟 Overall, I’m taking a long position on this trade. 🚀
Trade Setup:
Entry: 6.083 (Catch exclusive premium signals on my Binance live stream!)
Take Profit (TP): 6.227 - 6.385 - 6.490 - 6.598
Stop Loss (SL): 5.732
Asset: $ETH
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#Write2Earn! #BTCBreaks100K? $DOT #dotcoin
