Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.06
T2 = $ 7.24
T3 = $ 7.40
T4 = $ 7.55
and
T5 = $ 7.77
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.76
SL2 = $ 6.62
SL3 = $ 6.44
SL4 = $ 6.28
and
SL5 = $ 6.13
Looking at the CHOP indicator, we can see that there is a lot of energy in the 4H range, while the MACD indicator indicates that we can enter a local upward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.06
T2 = $ 7.24
T3 = $ 7.40
T4 = $ 7.55
and
T5 = $ 7.77
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.76
SL2 = $ 6.62
SL3 = $ 6.44
SL4 = $ 6.28
and
SL5 = $ 6.13
Looking at the CHOP indicator, we can see that there is a lot of energy in the 4H range, while the MACD indicator indicates that we can enter a local upward trend.