DOT broke down the ascending channel yesterday, hitting support at around USDT 40, when it started to gain momentum in what appears to be a pullback. If it's the case, we would be leaving the consolidation zone that started forming on April 8. Considering the overall positive trend, I would be looking at around 10% or 11% prince increase in the following days.
My trade:
Entry: 41.322 TP: 46.0409 SL: 39.8005
risk/reward: 3.1
Warning: I am a beginner trader and I am probably wrong.