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Bitcoin (BTC) $ 95,734.65
ethereum
Ethereum (ETH) $ 2,716.45
tether
Tether (USDT) $ 0.999918
bnb
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usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.56
binance-usd
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dogecoin
Dogecoin (DOGE) $ 0.253461
cardano
Cardano (ADA) $ 0.761512
solana
Solana (SOL) $ 169.62
matic-network
Polygon (MATIC) $ 0.307277
polkadot
Polkadot (DOT) $ 4.79
tron
TRON (TRX) $ 0.242718
bitcoin
Bitcoin (BTC) $ 95,734.65
ethereum
Ethereum (ETH) $ 2,716.45
tether
Tether (USDT) $ 0.999918
bnb
BNB (BNB) $ 655.98
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.56
binance-usd
BUSD (BUSD) $ 0.986627
dogecoin
Dogecoin (DOGE) $ 0.253461
cardano
Cardano (ADA) $ 0.761512
solana
Solana (SOL) $ 169.62
matic-network
Polygon (MATIC) $ 0.307277
polkadot
Polkadot (DOT) $ 4.79
tron
TRON (TRX) $ 0.242718
More

    DOT/USD bullish setup with a 1:4 risk-reward ratio

    Latest News


    • DOTUSD bullish setup within the makings
    • The danger-reward ratio is near 1:4
    • A doable bullish case sample helps the situation

    Cash administration is likely one of the areas through which many retail merchants fail. Self-discipline is required for achievement in speculating markets, and erratic worth motion can idiot even the extra skilled. 

    Due to that, a system based mostly on cash administration guidelines helps the buying and selling account because it affords the dealer extra probabilities to outlive the market’s volatility. That’s particularly the case within the cryptocurrency market, the place volatility is way greater than in different conventional markets. 

    The rule of thumb says that one mustn’t enter a commerce with out a risk-reward ratio of a minimum of 1:2. Successfully, it signifies that the dealer expects twice the reward for each unit of threat taken. Merely put, the dealer expects to make two {dollars} for each greenback threat. 

    Naturally, the larger the rr ratio, the higher. Within the case of DOT/USD, a risk-reward ratio of 1:4 is likely to be doable, given how the value motion behaved from the 2022 lows. 

    DOTUSD chart by TradingView

    A doable bullish flag sample helps the commerce

    The latest worth motion reveals a doable bullish sample. Ideally, the value motion ought to break above the sample’s highest level and hold rallying. 

    See also  Ex-President Donald Trump needs Bitcoin whitepaper a cheerful sixteenth anniversary

    The invalidation level of each the bullish flag and the bullish situation is $5. Subsequently, the market should maintain above $5, and merchants ought to count on extra energy on a break above $8. 

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