### Polkadot (DOT) 3-Hour Trading Analysis
Current Price Action:
Polkadot (DOT) has formed a triangle pattern on the 3-hour chart. Traders should closely monitor this formation for potential breakout signals.
Key Levels to Watch:
- Support Levels: If the triangle pattern breaks to the downside, we could see DOT retesting the following support levels:
- $9.70
- $9.20
- Further potential dips could be identified in the areas of $8.65, $8.20, and even $7.50.
Potential Trading Strategy:
- If we see a confirmed break below the triangle, it might be an indication to position for a short-term bearish move.
- Conversely, if DOT reaches these lower support levels, it may present a solid buying opportunity for those looking to accumulate DOT for future gains.
Conclusion:
Keep a close eye on the price action! A breakout to the downside could signal further declines, but those dips can also serve as attractive entry points for long-term investors.
Happy trading! 📊✨
Current Price Action:
Polkadot (DOT) has formed a triangle pattern on the 3-hour chart. Traders should closely monitor this formation for potential breakout signals.
Key Levels to Watch:
- Support Levels: If the triangle pattern breaks to the downside, we could see DOT retesting the following support levels:
- $9.70
- $9.20
- Further potential dips could be identified in the areas of $8.65, $8.20, and even $7.50.
Potential Trading Strategy:
- If we see a confirmed break below the triangle, it might be an indication to position for a short-term bearish move.
- Conversely, if DOT reaches these lower support levels, it may present a solid buying opportunity for those looking to accumulate DOT for future gains.
Conclusion:
Keep a close eye on the price action! A breakout to the downside could signal further declines, but those dips can also serve as attractive entry points for long-term investors.
Happy trading! 📊✨
Trade closed: target reached
Note
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👇 Website
srfxglobal.com/
👇 Telegram
t.me/SRFXGlobal
👇 YouTube
youtube.com/@srfxglobalsl?si=hbM2z2PURtIHCQvz
👇 X
x.com/SRFL1111
👇 Facebook
web.facebook.com/Friendship0002
srfxglobal.com/
👇 Telegram
t.me/SRFXGlobal
👇 YouTube
youtube.com/@srfxglobalsl?si=hbM2z2PURtIHCQvz
👇 X
x.com/SRFL1111
web.facebook.com/Friendship0002
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.