DOTUSDT / TRADING ABOVE TURNING LEVEL - 4H
2024-08-23

DOTUSDT / 4H TIME FRAME 

 HELLO TRADERS 

Tendency , prices is under upward pressure , until trading above turning level at 4.544

 Upward Condition :  The price is currently experiencing bullish momentum. As long as it remains above the 4.544 turning level , it is likely to move upward toward the resistance levels of 4.881 and then 5.370.

 Downward Condition :  To reach the 4.255 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 4.544. If it stabilizes below support level (1) , a further decline toward the support level (2) at 3.894 can be anticipated .

 TARGET UPWARD ZONE : 
RESISTANCE LEVEL (1) : 4.881 .
RESISTANCE LEVEL (2) : 5.370 .

 TARGET DOWNWARD ZONE : 
SUPPORT LEVEL (1) : 4.255 .
SUPPORT LEVEL (2) : 3.894 .

 TURNING LEVEL :  4.544 .