DOT/USDT 1D chart review
2025-01-13
Category: None

Hello everyone, let's look at the 1D DOT to USDT chart, in this situation we can see how the price is moving in a local uptrend channel where the price is moving at its lower boundary.  

Let's start, however, by defining the goals for the near future that the price must face:
  T1 = $7
  T2 = $7.35
  T3 = $7.92   
  T4 = $8.86
  Now let's move on to the stop-loss in case the market continues to decline:
  SL1 = $6.47
  SL2 = $6.24
  SL3 = $5.86
  SL4 = $5.58
  Looking at the STOCH indicator, we can see that we are moving along the lower boundary, which may indicate an upcoming upward movement in price.