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
Polkadot
DOT/POLKADOT Technical PerspectiveDot is a strong project
Dot currently lacks momentum
Do not park your money in DOT if you are looking for short term gains or to take more advantage of this bullish trend in the market
If you are looking to hold this for long then it's a yes to buy it
Dot needs to mitigate and then pierce through it's overhead supply in order to show an impulsive move to 7$
DOT/USDT Swing TradePolkadot is near support zone on hourly chart, we can take a small swing trade here.
Entry:
We can go long after close of strong bullish candle near support zone.
Stoploss:
We can keep the stoploss below the support zone.
Target:
We can keep the target near the next resistance zone.
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THIS IS POLKADOT TETHERUS.As you see in 1H Marked first OB and placed couple of entry limit orders. I thought first OB will mitigate so I placed order for SHORT but as you see Market Always Do What He Wants To Do!
Market changed his direction and we a pullback @7.381 toward down.
Then we can see a another BOS and a good BIG BULL CANDLES. So I marked my second OB for LONG.
first RRR 1:3
second RRR 1:3
NOW WAIT FOR MITIGATION!
CORRECT ME IF I'M WRONG!!!
Buy Polkadot, Long DOTUSDTPolkadot has started consolidating, indicating the change in the trend (Downtrend).
DOTUSDT is respecting the trendline(RED). Also started to make the W reversal pattern.
RSI is in an uptrend and 50MA also supporting the candles.
Keep the trend line(RED) as the stop loss, For the 1st target of 23.25 DOTUSDT
Dot/usdt forming a cup in 1hrThis is my first time publishing an idea. I'm a beginner in trading. Please bare with me if the analysis is wrong:)
It seems like Dot/usdt spot is about to form a cup and handle pattern in 4hr and 1 hr time frames. If a handle is formed, I'm planning to enter in the direction of the handle breakout if it is backed by the volume. TP1 can be the height of the handle and TP2 be the height of the cup. I'll be keeping tight sl. Happy trading folks.
Trading Signal For DOTUSDT Trading Signal:
A Trading Signal is seen in the DOTUSDT Polkadot
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 30.5
⭕️SL: Close below 29.10
🔵TP1 @ 35.0
🔵TP2 @ 39.35
🔵TP3 @ 49.20
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#DOT/USDT CHART ANALYSIS BEARISH PATTERN !!!!!!In this DOT/USDT Chart you can see that it is forming bearish flag pattern in 30 minute Time Frame and wait for more confirmation, if it break outs upper trendline than it will be fakeout but if it breaks lower trendline than it will go down....
I will update and Don't FOMO right now......
Anyone wants chart analysis of any crypto can comment below..........