Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.21
T2 = $ 6.36
and
T3 = $ 6.54
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6
SL2 = $ 5.99
SL3 = $ 5.91
and
SL4 = $ 5.81
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local downward trend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.21
T2 = $ 6.36
and
T3 = $ 6.54
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6
SL2 = $ 5.99
SL3 = $ 5.91
and
SL4 = $ 5.81
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator shows a local downward trend.