🟢 DOT Trade Plan: Breakout and Retest Strategy 📈🚀
🎯 Entry Point:
Long spot trade at the break and retest of $10.00 resistance on a 4HR candle.
🎯 Take Profit Levels:
First target: $11.30 - $12.00
Second target: $16.00 - $17.00
🛑 Stop Loss:
Just below $9.50 to manage downside risk.
📊 Strategy Rationale:
Taking advantage of breakout momentum with a confirmation retest strategy.
Targets set at key resistance levels for potential profit-taking.
Tight stop loss to manage risk in case of a reversal.
📉📈 Note: Monitor price action closely for confirmation and adjust strategy accordingly. #DOT #TradingStrategy #Breakout 🟢📊
Long spot trade at the break and retest of $10.00 resistance on a 4HR candle.
🎯 Take Profit Levels:
First target: $11.30 - $12.00
Second target: $16.00 - $17.00
🛑 Stop Loss:
Just below $9.50 to manage downside risk.
📊 Strategy Rationale:
Taking advantage of breakout momentum with a confirmation retest strategy.
Targets set at key resistance levels for potential profit-taking.
Tight stop loss to manage risk in case of a reversal.
📉📈 Note: Monitor price action closely for confirmation and adjust strategy accordingly. #DOT #TradingStrategy #Breakout 🟢📊
