Simple Dot Range Trade
Looking at the chart, it seems DOT has found a resistance at about $18.80 USD and a support at around $15.00 USD. An easy enough strategy can be used to make a large profit in this situation:
I plan on waiting to buy until DOT begins to bounce off of the $15.00 support and a MACD crossover ensues, and will sell once DOT gets near it's $18.80 resistance level. This looks like a simple way to make 20-25% profit in the span of a couple days.
I plan on waiting to buy until DOT begins to bounce off of the $15.00 support and a MACD crossover ensues, and will sell once DOT gets near it's $18.80 resistance level. This looks like a simple way to make 20-25% profit in the span of a couple days.
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