In a previous idea, we recommended buying DOT after a breakdown of the trend line. But the breakdown did not happen, the price corrected even more. In doing so, the price corrected 55% from its local high and there were huge liquidations. It's worth noting that there was a huge volume at the bottom on each fall. This is a good signal. In case of a false breakout of the 22$ level or a breakout of the trendline, there could be a good buying opportunity
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Thank you for the update, Yuri. Quick question, what does it mean when big volume appear on the bottom? People buying the dips? I'm seeing the volume in red and it's confusing me because I thought red volume = selling volume. Thank you.
h4kuna
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update on reef
justSasha
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Thanks for the TA Yuri! Would love to see TA on VLX, METIS, TRAC, ICP and OCEAN Cheers brother