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DLavrov
Jan 26, 2023 12:11 AM

Trading Idea 022: Polkadot Long

BINANCE:DOTUSDT60
DOT / TetherUSBinance

Description

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Market Conditions:
- trend reversal situation
- consolidation around the resistance
- bullish sentiment in the market

Key Level and Lines:
- $6.50 resistance
- downtrend line

Trading Ideas:
- go long after consolidation below the resistance if the price moves above it
- go short if the price bounces from the resistance supported by bearish sentiment.
Trend AnalysisChart PatternsTechnical IndicatorspolkadotDOTcrypto
Comments
mohiyan
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It seems dont have any power to break the 6.50 if btc moving around 23k
DLavrov
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@mohiyan, the consolidation below the resistance is a good signal for the further upward movement.
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