Following on from our last post on DOT where we found a divergence breakout starting the bullish wave, we now have another entry for DOT to take it higher.
There are 2 ways we can trade this.
1st Trade Idea:
- Watch for bounce off double bottom and enter
- Stops below the double bottom
2nd Trade Idea:
- Watch for a breakout of the red descending trendline
- Stops below the structure indicated on the chart
Targets:
23.3, 32.3, actively manage the rest.
We'll update this chart once there's a breakout.
Goodluck!
There are 2 ways we can trade this.
1st Trade Idea:
- Watch for bounce off double bottom and enter
- Stops below the double bottom
2nd Trade Idea:
- Watch for a breakout of the red descending trendline
- Stops below the structure indicated on the chart
Targets:
23.3, 32.3, actively manage the rest.
We'll update this chart once there's a breakout.
Goodluck!
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