Let's face it. DOT is looking seriously bad. While there is a lot going on on the lower timeframes, it's just over the edge and most reactions we see are purely reaction to DOT on BTC moves - like a flag in the wind with 0 strenghts to lift itself. People say, coins are going below the .886 to die. Well, we gonna see. Regardless of any fundamentals and news, if there is life in that coin, it got to show it now.
Depending on how BTC moves now. DOT can rise between 20-40% immediately - and got to get above 2021 lows. Should BTC drop, DOT can easily shrink by another 50%. My lowest targets are in the 1 USD region.
#NFA #DYOR
[Fixed typos: Jun 3 at 1100 CET]
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Happy to miss a few % should we see a pump. And even if so, I doubt it's gonna last. However, for the lower regions, I´d love the POC being hit, hold and show some real SoS.
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Nothing changed. Reclaim Key Level and 9.65 is possible, loose 6.33 and we gon see 4.8
It looks fine to me...it is probably going to the 5 to 6 range...maybe 2.5 range at the lowest....most alts (even solid ones like ETH) lose 95% in a Bear Cycle....Even BTC will lose 85 to 90% in a Bear Cycle...this is perfectly normal....extreme....but normal...DOT ATH was $55... if it loses 90%(which I think it will) that puts it at $5.5 which is where I think we are headed and that puts in on par with BTC loses in Bear Cycles...so unless you are against king BTC and the whole crypto then DOT really isn't doing that poorly.