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Dotusdtanalysis

DOTUSDT: Ready for a Big Breakout or Sudden Drop?Yello Paradisers! Is DOTUSDT about to make a breakout move that will catch traders by surprise? Let’s break down what the charts are saying right now 👇 💎DOTUSDT is shaping up an intriguing pattern with an inducement and the formation of a descending triangle, which suggests a potential bullish breakout on the horizon. 💎If DOTUSDT breaks out and closes a strong candle above the resistance zone and trendline, this would signal a higher probability of an upward move. This is the confirmation many are waiting for before taking action. 💎Should DOTUSDT pull back, watch for a bounce from the support zone. This could set up a potential double bottom pattern. To strengthen your conviction, look for a bullish I-CHoCH (Internal Change of Character) on the lower timeframes as further confirmation. 💎If the price breaks down and candle closes below the support zone, it would invalidate the bullish outlook. In this case, the best approach would be to remain patient and wait for more reliable price action to develop before making any moves. 🎖Stay vigilant, Paradisers. Discipline and patience in analyzing confirmations are what set apart profitable traders from the rest. Always wait for the highest probability setups to increase your success rate in this volatile market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
After absorbing liquidity, DOTUSDT has formed a W pattern🚀💎 Paradisers, #DOT is showing a Break of Structure (BOS) towards a bullish market structure and has formed a 'W' pattern after absorbing liquidity, which increases the likelihood of a bullish move. 💎 This level is also supported by the Fibonacci 61.80% level, which further enhances the bullish probability. However, for confirmation, we need the price to break above the resistance level, after which we can expect a bullish move up to the next resistance levels. 💎 If the price breaks down below the bullish OB level, it will invalidate the bullish structure. In that case, it would be better to avoid it and wait for better price action to form.
by MyCryptoParadise_Nathan
Polkadot Trade Setup - Dot is a robust project and has a strong roadmap for the upcoming years - I have marked some key areas where you can think about accumulating DOT, kindly consult your financial advisor once as well - I will personally be investing 80-120k in DOT in this dip because of its underlying fundamentals - I have marked the important key zones for your reference - From an investment perspective make sure your horizon is 3-6months and not 3-6 days - From a Trading perspective 7-8$ can be a solid zone to accumulate DOT as a swing trade
Long
by VKtradesimbalance
#Dot Analysis with trend line, supp & resis 4hr tfIf you are looking to analyze DOT using a 4 hour time frame, you can use trend lines along with support and resistance levels to help identify potential price movements. A trend line can help you determine the general direction of the price, while support and resistance levels can help you identify key areas where the price may encounter barriers or reversals. To draw a trend line, you can connect the highs or lows of the price movement over a period of time. This can help you see if the price is moving up, down, or sideways, and can give you an idea of where the price may potentially move in the future. Additionally, support and resistance levels can be useful for identifying areas where the price may find support or resistance. Support levels are areas where the price has previously bounced back up from, while resistance levels are areas where the price has previously reversed from an uptrend. By using trend lines and support and resistance levels, you can get a better understanding of the price movements of DOT and develop a trading plan that aligns with your risk management strategy and market analysis.
by nawaab001
DOT/USDT 1HOUR UPDATE Welcome to this quick dot/usdt analysis.        I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- dot/usdt is bullflag confirm and entry green zone fast by the dip. Entry:- $40.60, $41.40 Traget:- 15% to 20% Stoploss:- $38.90 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages.       Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563