DOT/USDT 1D chart review
Hello everyone, let's look at the 1D DOT to USDT chart, in this situation we can see how the price is moving in a local uptrend channel where the price is moving at its lower boundary.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $7
T2 = $7.35
T3 = $7.92
T4 = $8.86
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $6.47
SL2 = $6.24
SL3 = $5.86
SL4 = $5.58
Looking at the STOCH indicator, we can see that we are moving along the lower boundary, which may indicate an upcoming upward movement in price.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $7
T2 = $7.35
T3 = $7.92
T4 = $8.86
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $6.47
SL2 = $6.24
SL3 = $5.86
SL4 = $5.58
Looking at the STOCH indicator, we can see that we are moving along the lower boundary, which may indicate an upcoming upward movement in price.
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