Polkadot(DOT): Small Correction + Re-Test?

Polkadot has had a nice breakout (where it almost formed Cup&Handle pattern movement) but yet had an early breakout.

We are looking here for a re-test to happen, which should be natural, and yet we want to see a failure of that re-test as well. With that being said, we are looking for a potential opportunity to short!

Swallow Team

Comment:

Polkadot is not showing any signs of weakness yet but rather pushing to break that small zone of resistance.

We are not rushing here, but never the less, we need to see that re-test happen (which means if we see a push, it should not be so big).

Comment:

Polkadot is hodling strongly near that resistance zone. Now that everything is working out nicely, all we need is a re-test and a breakdown of confirmation!!

Swallow Team

Comment:

Polkadot has had a nice rejection from our top zones, where we had 25% of marker price movement since that time. Although we see further weakness, we will consider this trade a success!

🟢Trade Was Successful