DOT Trade Setup - Polkadot plunged from 11.5$-5.7$ more than 50% drop
- Polkadot Accumulation Zones - 4-6$ looks very solid and valuable to me when I think about it's fundamentals
- Polkadot current trading price is also cheap 30% accumulation from your total accumulation looks good to me
- Polkadot is currently trading at a very good zone however BTC isn't stable and this can fall way more if the WAR situation escalates and the same for BTC drop
Polkadotanalysis
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!!!
Dot/Usdt Latest Update, Target 1,2 and 3 Achieved.#-There is a possibility That We can see a Pullback to the suggested support line (42.73).
The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
Technical analysis:
. DOTUSD is in an Ascending Parallel Channel .
. The price is above the 50 Ema and It is also Acting as a strong Support.
. The RSI is at 56.97.
Take Profits:
TP1= @ 45.50
TP2= @ 47.37
TP3= @ 49.35
TP4= @ 51.18
* If You are buying polkadot in a medium risk buy Zone Then Use Either 41.55 As Stop Loss
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