DOTUSDT (POLKADOT) - UPTREND CONTINUATION

ANALYSIS 🔎
- DOTUSDT hit a swing high.
- The market then retraced for a retest of the ascending trendline support and the 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- We could see a bounce off the ascending trendline support.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.