Hi folks an interesting long position on DOT here. As we can see from the chart the DOT seems to have hit its bottom at $3.753. We can also see stochastic RSI, RSI and the Weiss open interest start to turn positive. On the Kellner channel we are outside at the extreme levels a time to buy. A long position can be opened as follows
TP 1 : $10.00 This is the when price action wicked up and fell back down indication the first possible resistance level
TP2: $14.00 This is the mean of the Keltner channel
TP: 3 $20.00-$22.00 This is the first bearish order block where price may struggle SL: $3.00 Below the previous value of $3.753
If it gets above the previous bearish order block and finds support then DOT a further long position could be
TP 4: $30.00 SL : $25.00
Final long scenario is previous bullish order block at $30.00 and finding support then the Final take profit could be
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