Hi friends! POLKADOT will follow the BTC as 99% other altcoins. But where the best entry point to buy DOT and make a profit?
Now the DOT fall below the key level of $6. This level was the support for the long time, so a lot of sl were taken during this local dump.✅ Of course, this good for the whales to buy more DOT and for us to open a trade with the BIG players.
📊 The main reasons to open a long:
1. liquidity collection by the whales
2. squeeze to the trendline
3. bullish BTC🔥
🚩The volume falls despite the price LL. Usually, when whales are taking the sl of the retail traders, the volume is growing. Now we see that the volume just fall. It mean that there is no retail traders at the market and the whales accumulate enough DOT and just wait for the price reaching targets.
✅ The main targets for Polkadot:
🔥 $6.2-6.5 - value area
🔥 $6.95-7.4 - value area
🔥 $8 - key level
🔥 $9.2-10 - value area and even number
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.