FieryTrading

🔥 DOT Bullish Outlook

Long
BINANCE:DOTUSDT   DOT / TetherUS
DOT has seen some nice gains over the past couple of hours. In my view, this bullish behaviour will continue for a while until the $37 area. Since DOT has seen continuous growth up till that point, I forecast a decline towards the $32.50 support area. This area is our entry point.

Before entering this trade wait for the price to touch the Entry line.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!

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