W6-7 _ Short Term Bullish Idea _ DOTUSDT Daily
DOT / TetherUS BINANCE:DOTUSDT
Analyzing the price action of the down move, one can see that;
1- The price has reached a strong support zone .
2- It has created a new HL with bullish engulfing candle.
3- It has broken the most recent trendline.
As long as the strong support zone holds my view remains BULLISH .
Targets are;
1- Resistance just below 23.6% FR which has been support in the past too.
2- Strong resistance zone just above 38.2% FR
Protection is below the strong support zone .
