In the last 5 months DOT has lost 70% of its value, it corrected till 0.886 on Fibonacci until it found a local bottom & bounced off $15.

DOT Higher timeframes:

However, DOT is still struggling to break above the supply at $23 – $24, which is now acting as a strong resistance on higher timeframes.

We need DOT to close a weekly candle above the supply zone $24 for further upside or else it will go for further correction.

DOT Lower timeframes:

On lower timeframes, we’re currently retesting the breakout, if we hold it will retest the $23 – $24 supply zone .

Look for entries on lower timeframes for short term trade, for longterm look out for clear break through above the strong supply zone $23 – $24.