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
Polkadotusdt
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 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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💡Don't miss the great buy opportunity in DOTUSD @PolkadotTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (20.99).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOTUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 24.58
TP2= @ 28.62
TP3= @ 31.31
TP4= @ 35.10
TP5= @ 42.63
SL= Break below S2
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