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DOTF0 / USTF0

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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: Bullish Momentum Supported by Breakouts and Patterns💎 DOT has found support within the support zone marked by the 0.618 Fibonacci level and has broken out of a descending channel pattern, forming a W pattern supported by the 200 EMA. Additionally, the price is displaying a Break Of Structure(BOS), further increasing the likelihood of bullish momentum. 💎If the price manages to break above the first resistance area, we can anticipate further bullish movement towards subsequent resistance levels. 💎In the event of a pullback, we may see a bounce from the bullish order block (OB) levels. 💎However, if the price declines below the support level, it could signal a bearish movement for DOT. Nonetheless, given the current bullish sentiment in the overall market, it would be prudent to align with the prevailing trend.
by MyCryptoParadise_Nathan
DOT/USDT's Inverse Cup and Handle: Bearish Hints or Reversal ?💎 Paradisers, let's zoom into DOT/USDT on the daily chart. It's sketching out an inverse cup and handle formation. Interestingly, the handle's peak faced resistance at the Fibonacci's 0.5 level, bolstering the bearish narrative. The cup's top showcases a Lower High (LH), while the handle's peak indicates a Lower Low (LL). 💎 If DOT/USDT breaches the demand threshold of 4.100, we're forecasting a descent towards the subsequent demand zones at 3.383 and potentially even 2.934. However, keep your radars on! If the price surges past the handle's peak at 5.974, it would invalidate our pattern. Stay sharp and navigate wisely, ParadiseSquad!
Short
by MyCryptoParadise_Nathan