DOT is currently trading in consolidation around the break out area on the chart. The yellow area is drawn around the local tops after the March sell-off.
With Bitcoin at $50k, there might be a minor bearish move incoming. In that case, I'm expecting DOT to drop, but not further than the red support area on the chart.
On the other hand, BTC might continue its parabolic move towards $60. In that case, I'll be looking at the green area of resistance to exit part of my position.
Happy trading!
With Bitcoin at $50k, there might be a minor bearish move incoming. In that case, I'm expecting DOT to drop, but not further than the red support area on the chart.
On the other hand, BTC might continue its parabolic move towards $60. In that case, I'll be looking at the green area of resistance to exit part of my position.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.