The price moved higher but reverse back from very close to our target level which was 6.50
Markey reverse back from 6.46 and couldnt hit our take profit .
At the moment , the rising channel is near to its support zone , if price closes below the support area 6.05 , then i will close my trade from the entry point 6.03 and will look for the next potential setup.
We earn nothing and lose nothing from this trade. It happens most of the time in trading.
I will update once the price make some clear move to enter again.
#DOT_UPDATE $DOT #Dotanalysis #POLKADOTE #PolkadotAnalysis Reffering to my previous post , The price breaks the bullish flag which was forming inside the rising channel to moving towards our first target level which was 6.50 , i will close half of my position at 6.5 to book the profit and will move my stoploss to entry point for win win strategy.
I will update once the price hit our initial target.
Those who have not read my previous posts , please feel free to explore my profile to read history of this trade , it will help understand the pattern of this trade.
Good Day ! We are still in a trade and price is moving as expected but couldnt hit our first target level. The price made a recent high at 6.36 and forming a small bullish flag which mean it may move in a range for few hours and once it break the flag , it will move towards our target level. I will still remain in a trade as long as we are in the rising channel mentioned in the chart below.
Those who have not read out previous post , i suggest to have a look at previous post to understand the current chart pattern.
Market moves as expected as we discussed in previous posts. My trade trigged from 6.03 and price moved near to my first target level which was 6.50 , but reversed back from 6.48 .
Current markey price is 6.18 and i am still bullish , will remain to my trade plan .
Please have a look at chart pattern for the reference.
Thoese who have not read my previous post , feel free fo explore my profile and have a look at previous posts to encounter the analysis stats.
$DOT Finally the price is near to its suport level , My entry order already trigged and i am in a trade. Those who missed the trade setup can enter the trade because it is expecting the price could move more lower to touch the support level of #RisingChannel .
If you are viewsing this post , i suggest you to check my profile & have a look at my previous couple of posts to understand the pattern.
My Entry Level is 6.03 Stoploss : 5.78 Take Profit : 6.50
I will close my half position when price hit my first target level and remaining position will be open till the price hit the resistance of Rising Channel , Either it will be 6.79 to 7.00 area
Reffering to my previous post ( you can check at my profile ) The price moves lower as expected and i am still looking for the expected price to jump in the trade.
I am planning to long Dot around 6.03 and my first take profit level will be 6.50 and 6.77 in extension.
Dot is moving in a #RisingChannel and currently near to its resistance level , i am expecting a little more upword movement and then it could start bearish move towards the channel support which is at 6.03 , i will take a long position from support.