Hello everyone, let's look at the 1D DOT to USDT chart, in this situation we can see how the price is moving in a local uptrend channel where the price is moving at its lower boundary.
Let's start, however, by defining the goals for the near future that the price must face:
T1 = $7
T2 = $7.35
T3 = $7.92
T4 = $8.86
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $6.47
SL2 = $6.24
SL3 = $5.86
SL4 = $5.58
Looking at the STOCH indicator, we can see that we are moving along the lower boundary, which may indicate an upcoming upward movement in price.
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