CryptoStation

Polkadot #DOT Update (Jul-06)

Long
BINANCE:DOTUSDT   DOT / TetherUS
After losing the $8.5 zone on June 11, DOT has been fluctuating in the range of 6.5-8.5$ for almost a month, which is a sign that it is accumulating at the bottom to prepare for a trend reversal to uptrend.
Currently, DOT is also fluctuating in the range of $6.6-7.2 within the past 1 week and this is a good opportunity to help us accumulate DOT and expect a rally to $8.5 after breaking the 7.2$ zone.
The $6-6.5 zone is also a very reliable support and DOT hasn't returned to this zone since breaking this level at the end of 2020, so a strong buying force must appear here
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.