DOT/USDT Key Levels $44 and $35. Bullish Bias.
We may see price run for a new high before we get a clean pullback down to $35 that is okay. For my strategy we need an algorithmic pattern to line up with a liquidity pattern.
Watch $44 for a short-term sell, which I may just pass on if all other cryptos are rising, it wouldn't make sense from a probability perspective to try and sell against the major trend.
Why is $35 a key level?
Reasoning: We have high amounts of smart money volume there that I believe is bullish, we also have a liquidity void lined up at that price as well.
If April's current high remains untouched and we get a harmonic/ABCD of some sort at $35 I will be looking for a buy reaction.
The idea is that there is still liquidity sitting right above April's high and we want to make a run for it with the banks.
Target's are 38.2%,61.8%, and 100% of a trend based fib projection.
Let's Elevate,
Gio
Watch $44 for a short-term sell, which I may just pass on if all other cryptos are rising, it wouldn't make sense from a probability perspective to try and sell against the major trend.
Why is $35 a key level?
Reasoning: We have high amounts of smart money volume there that I believe is bullish, we also have a liquidity void lined up at that price as well.
If April's current high remains untouched and we get a harmonic/ABCD of some sort at $35 I will be looking for a buy reaction.
The idea is that there is still liquidity sitting right above April's high and we want to make a run for it with the banks.
Target's are 38.2%,61.8%, and 100% of a trend based fib projection.
Let's Elevate,
Gio
Comment:
Great reaction, an H4 Close below and it should be good to go for $35 region
