$DOTUSD potential entry point (3/5)

Conviction: 3/5
could drop further to MT support (Sep 2020)


General Thesis

• two possible paths, one bouncing off ST support (Jul 2021) and the other bouncing off MT support (Sep 2020)
  
• 2nd scenario seems more likely (just a guess)
  
• recently did a bullish divergence in December 2021, so this could be it
  

Potential Risks

• BTC pair looks attractive, although could play out via BTCUSD weakness, rather than DOTUSD strength
  

Trade stängt manuellt:

broke below support