1st Target Hit amd We are gona close it. Because of market volatility.🎯

$DOT

Position: LONG

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This is a 4-hour chart of DOT and here's a detailed explanation of what's happening:
1. Pattern Identified: Descending Triangle (Bullish Breakout)
The chart originally shows a descending triangle, which is typically a bearish continuation pattern, but in this case, it broke out upwards, which is a bullish reversal signal.

2. Breakout Confirmation
DOT price broke above the horizontal resistance at $3.803, indicating strong bullish momentum.
After the breakout, the price continued to rise, forming a new local high around $3.93.
Currently, DOT is trading at $3.929, slightly below the recent high.

3. Retest and Expected Movement (Projection)
The blue lines and arrows indicate a possible bullish scenario:
The price is expected to pull back to retest the breakout zone $3.80.
If this retest holds as new support, a bounce is expected, leading to a strong continuation upward.
This is a common technical behavior after a breakout breakout, retest, continuation.
Trade Signal Based on the Chart
Entry : On successful retest near $3.80–$3.83
Targets:
Target 1: $4.20
Target 2: $4.50

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