The market situation for Polkadot (DOT) remains mysterious and tense. The two-month consolidation that started back in February 2021 continues in a wide 56% range. The main liquidity zones that are within the limits of this consolidation are in the ranges of $29.6-30.6 and $45.5-46.5. As you can see on the chart, it is at these price zones that the DOT price slows down and reverses after false breakouts. Therefore, when planning short-term trades in these liquid zones, we would implement our trades.
After the unsuccessful attempt of sellers to break the consolidation down, buyers organized a new local wave of growth. At the moment, the DOTUSDT price is in the middle of the consolidation, namely before the local range of $38.3-39.3. This range can perfectly serve buyers as a support and addition of a position with a target of $45.5-46.5. We wrote about this scenario in our previous idea:
However, for such an option, buyers must first take control of this range. So far, the price has slowed down in front of the liquid zone and is preparing to break through it. Therefore, while the price is below $38.3-39.3, we do not exclude the scenario of a return to $29.6-30.6.
If the range of $29.6-30.6 is lost, this idea will become irrelevant and the target of $45.5-46.5 will have to be forgotten for a while. __________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
we need to wake up as community.
doge coin traders ignore btc dip and its going high at the same time your bots are selling your alt coins every time btc drops like we are at 2018.
btc dominance is really low its volume is low its dead we should stop selling our coins when btc drops.
you call doge coin a joke but at the end cardano polkadot vet and all these good coins are the joke here cause every time btc is moving down 1% these are going 5% down.
Doge coin is not a joke crypto community is a joke cause they mirror btc like fools.
stop doing this or crypto market will die with btc.
P_S_trade
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@oacen13, Are you accusing us of manipulating the market?)
Oacen
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@P_S_trade, not you ofc sorry if it looks like this.
only the institutes.
i asked the community(including me) to stop mirroring btc not you personally
ShanghaiMcCoy
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@oacen13, Agree, but on most exchanges you cannot short sell DOGE, because DOGE is to risky to hold and a crypto joke. I think this the main reason DOGE goes not down like hell whenever BTC goes down.
Oacen
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@maddinthegreat, i dont agree with you yesterday btc was going down and doge was doing new ath.
ShanghaiMcCoy
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@oacen13, as is said, you cannot short DOGE! Understood?
Oacen
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a telegram group is planning to short dot at 42 dollars.
they want when price reach 42 to push down to 39 to make profits.
i am there as polkadot spy cause i am long in polkadot
phillipliang68
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@oacen13, tell them how many long army they are facing and make them give up ;)
Oacen
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@phillipliang68, we are going to win long term end of the month there is a huge update on polkadot thats why all trying to buy now.
i dont have money to buy more i may add some margin
doge coin traders ignore btc dip and its going high at the same time your bots are selling your alt coins every time btc drops like we are at 2018.
btc dominance is really low its volume is low its dead we should stop selling our coins when btc drops.
you call doge coin a joke but at the end cardano polkadot vet and all these good coins are the joke here cause every time btc is moving down 1% these are going 5% down.
Doge coin is not a joke crypto community is a joke cause they mirror btc like fools.
stop doing this or crypto market will die with btc.