Polkadot is a solid project but the bear market was so hard on it, anything below $5 was a good buy but If you missed it you can get in for a short term gain right now.
For risk management, I recommend these settings:
- trend reversal situation
- consolidation around the resistance
- bullish sentiment in the market
Key Level and Lines:
- $6.50 resistance
- downtrend line
- 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.
It is very likely that the DOTUSDT price is currently in the process of forming a global reversal trend pattern - "Inverted Head and Shoulders"
Of course, the final confirmation of the pattern's formation will come after the DOT price is firmly established above $10, and buyers will need to make a lot of effort to achieve this.
Looking at the chart, we can say...
PolkaDOT has undeliverd in the last bullrun on my opinion.
The project is super strong and they have one of the best dev teams there is.
Also great comunity.
It's one of my top 3 favorites.
Great ecosistem, fast network, original aproach.
Let's go DOT!
This are only my humble ideas. It's not a financial advise!
Take care of your hard worked money!
When you start a new trade, the action needs to go in your direction right after you jump in.
If you are on the long side, then prices should start growing soon after.
If you are on the short side, then prices should drop dropping soon after.
Buying long and seeing a drop right after is a negative signal, just as buying short and seeing a price increase...
Normally we do 8-10X but since the initial breakout already took place we lower the lev.
Instead of missing the opportunity all-together, we just lower the leverage and this way we can still jump in.
We like to get the support level, the bottom... Once it starts moving we like it less but still people demand the numbers and so we comply and do our best.
Today, I showed you the Polkadot road map🗺️.
Polkadot is running near the heavy support zone.
I expect Polkadot will go down a little more and then start to rise to a heavy resistance zone( about +200%)😱.
🔆Suggestion: If you want to add DOT to your portfolio, you can wait to break the downtrend line and SMA 100(Daily TF).
Polkadot Analyze ( DOTUSDT ) Timeframe...
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DOTUSDT
There are R3, R2, and R1 on the top which are our resistance areas and include the disability of the price to rise. And we have S1 which is the long-term support area at the bottom with its well support of the price. Presently, we have the...
🔥Hi, friends! The US Department of Justice announced today that it will take international action regarding cryptocurrencies. A lot of liquidity starts to flow into the market. Retailers start to sell their crypto on this FUD.
According to this, I make a fresh update for Polkadot. Now DOT is testing $5.73 key level which is really important support. If the...
DOT has been trading under the falling resistance.
The price has broken above the falling resistance.
Now the price has trading above the horizontal resistance.
The bulls need to hold the breakout zone and support.
Manage your trades accordingly.
Today’s analysis – DOTUSDT – trading towards a key resistance where a rejection is plausible,
Points to consider,
- Price Action Impulsive
- Monthly S/R Resistance
- .786 Fibonacci Confluence
- Daily S/R Objective
DOTUSDT’s immediate price action is trading towards a clear resistance point that has technical confluence with the .786...
💲 Dot 0.618 within reach
💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.
💲 Nearest strong resistance zone: around the 0.618 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: 50/50
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Dot continues its path northward bouncing perfectly from the support...