Word of caution before going further into the trade. DLT is a very volatile pair which can see massive swings from day to day, beware!
This trade is based on the expectation of more bullish volatility in the short term. Historically DLT/BTC has shown massive bullish wicks from time to time. Since early 2021 this pair is steadily moving upwards, only to explode 200% a couple of days ago. Since that explosion, the pair has not died off. On the contrary, it keeps on rising.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
This trade is based on the expectation of more bullish volatility in the short term. Historically DLT/BTC has shown massive bullish wicks from time to time. Since early 2021 this pair is steadily moving upwards, only to explode 200% a couple of days ago. Since that explosion, the pair has not died off. On the contrary, it keeps on rising.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
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