DOTUSDT ( BREAKOUT CHANNEL ) (4H)DOTUSDT
HELLO TRADERS
Tendency , the price is under downward pressure , until trading below turning level at 4.949
TURNING LEVEL : the price of this level at 4.949 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE ZONE : this zone between 5.532 and 5.958 , in order to see this zone the price need breaking turning level at 4.949 , breaking this price indicates an increase and reaching the resistance level (1) at 5.532 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 5.598 , after breaking this zone it will be attempt to reach resistance level (3) at 6.532 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 4.012 & 3.595 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 4.012 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 3.595
CORRECTIVE : the price corrective at 4.949, before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 5.532 , 5.958 , 6.532 .
SUPPORT LEVEL : 4.012 , 3.595 .