DOT / TetherUS
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A nice entry with the retest of the breakout level on DOT?

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DOT/USDT has broken a descending trend and seems for a potential breakout. In these scenarios, price action often revisits the breakout level which could lead for a potential good entry.

  • Look for an entry as price touches the previously broken trendline.

  • Place a stop loss below the low pivot point.

  • Target: Upside first target is around 5.55$ (a previous low pivot). I would close the 70% for the position and make this pivot my new stop. Second target is around 6.60$ if it comes to this I would close the remaning 30% (whole of the position left).

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