1. Entry and Exit Strategy

Entry: The price has recently bounced from 3.845, a recent low, and is now moving upward. If this upward momentum continues and breaks above 4.086 (EMA 25), it could indicate a potential bullish move.

Exit (Take Profit): Look for resistance at 4.207 or 4.411, which are previous support/resistance levels.

2. Stop Loss

  • A good stop-loss level would be slightly below the recent low of 3.845, around 3.80, to minimize losses if the price reverses.

3. Leverage Consideration

  • Since the market appears volatile, avoid high leverage unless you have strong risk management. A 2x to 5x leverage could be reasonable.

    If using high leverage (10x+), ensure tight stop losses.

4. EMA Strategy (Exponential Moving Average)

  • EMA (7) at 4.021 and EMA (25) at 4.086):

    • The shorter EMA (yellow) is below the longer EMA (pink), suggesting a bearish trend.
      A bullish crossover (if EMA 7 moves above EMA 25) could be a signal to buy.

      If EMA 7 stays below EMA 25, short positions might be preferable.

5. Additional Indicators

  • Consider adding RSI or MACD for better confirmation.

    Volume spikes suggest stronger moves; monitor for a breakout.

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