A nice entry with the retest of the breakout level on DOT?
2024-09-16

DOT/USDT has broken a descending trend and seems for a potential breakout. In these scenarios, price action often revisits the breakout level which could lead for a potential good entry.

 
 Look for an  entry  as price touches the previously broken trendline.

 Place a  stop loss  below the low pivot point.

 Target: Upside first  target  is around 5.55$ (a previous low pivot). I would close the 70% for the position and make this pivot my new stop. Second target is around 6.60$ if it comes to this I would close the remaning 30% (whole of the position left). 
