PolkadotLong
DOTUSD (1W) - buy the dip
Hi traders,
Here it is my idea for a long position on DOTUSD (1 week time frame).
the price hit a local high in March 2024 and hit another high in November 2024, after that the price bounce back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 7.585 and 6.625.
We will put our first take profit at the level of the last high and the second take profit at 16.900 where there was a support in February 2022.
good luck
Here it is my idea for a long position on DOTUSD (1 week time frame).
the price hit a local high in March 2024 and hit another high in November 2024, after that the price bounce back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 7.585 and 6.625.
We will put our first take profit at the level of the last high and the second take profit at 16.900 where there was a support in February 2022.
good luck
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