I am following a similar strategy on DOT as on AVAX. We are looking to buy
back in at significant FIB levels.
The 0.000407 to 0.000408 level is a clear level of support. It is a breakout point
of the last run up, it is the 0.382 on the fib level of the entire move, and
it is the 0.5 level of the last uptrend several months ago. It was clearly
traded off of back then, and there are still probably people trading off of it.
And since the 0.236 (0.000454 level) of the last move was not clear support, it gives
the 0.382 a high chance of being support.
back in at significant FIB levels.
The 0.000407 to 0.000408 level is a clear level of support. It is a breakout point
of the last run up, it is the 0.382 on the fib level of the entire move, and
it is the 0.5 level of the last uptrend several months ago. It was clearly
traded off of back then, and there are still probably people trading off of it.
And since the 0.236 (0.000454 level) of the last move was not clear support, it gives
the 0.382 a high chance of being support.