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Polkadot (DOT) - August 25

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(DOTUSD 1W Chart)
If the price is maintained above the volume profile section formed in the section 10.15772403-16.14614892, it is expected to continue the upward trend.


(1D chart)
Support section: 20.26700243-23.03314771 section
Resistance section: 29.84923340-33.86828748 section

It should move above the 38.69059855 point to accelerate the uptrend.

If it falls in the section 20.26700243-23.03314771, Stop Loss is required to preserve profit and loss.

However, it is possible to touch the section 10.15772403-16.14614892 and ascend, so you need to be prepared for this.

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(DOTBTC 1W chart)
What you can see from this chart is that the volume profile section is being formed in the 39108 Satoshi-48719 Satoshi section.

Accordingly, if the price is maintained above the 39108 Satoshi-48719 Satoshi section, it is expected that the upward trend will continue.


(1D chart)
It remains to be seen if the upward trend can be continued by rising above the 59700 Satoshi-62755 Satoshi section.

If it goes down, we should see if there is support in the 38377 satoshi-44645 satoshi zone.

If it falls in the 32421 Satoshi-36000 Satoshi section, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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