$DOT is breaking out from a long downtrend that's been pressuring it since early December. The recent push to $1.80 with elevated volume shows buyers are stepping in. All moving averages are compressed together around $1.73-1.85, which usually means a big move's coming. The trendline break is fresh, so we need to see it hold above $1.75 to confirm this isn't a fakeout.
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$DOT is breaking out from a long downtrend that's been pressuring it since early December. The recent push to $1.80 with elevated volume shows buyers are stepping in. All moving averages are compressed together around $1.73-1.85, which usually means a big move's coming. The trendline break is fresh, so we need to see it hold above $1.75 to confirm this isn't a fakeout.
Trade Setup:
TP1: $1.95
TP2: $2.10
TP3: $2.30
Stop Loss: $1.68
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