Hello everyone, let's look at the 4H DOT to USDT chart, as you can see the price is moving in a sideways trend channel where it is holding at the upper part of the range.
Let's start by setting goals for the near future that we can include:
T1 = $7.51
T2 = $7.92
T3 = $8.40
AND
T4 = $9.08
Now let's move on to the stop loss in case of further market declines:
SL1 = $6.82
SL2 = $6.45
SL3 = $6.19
AND
SL4 = $5.85
The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.
Let's start by setting goals for the near future that we can include:
T1 = $7.51
T2 = $7.92
T3 = $8.40
AND
T4 = $9.08
Now let's move on to the stop loss in case of further market declines:
SL1 = $6.82
SL2 = $6.45
SL3 = $6.19
AND
SL4 = $5.85
The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.