Polkadot/ Dot symmetrical triangle On Dot has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish .
Entry price: In the apex at 10.00.
Stop loss: At 10.50, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss.
Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 4.48.
This is also 55% gain if the prediction is successful.
DOTUSDSHORTS
DOT short squeeze coming?The idea is simple. When you look at the lows of summer 2021, shorts were around the same level they are today.
January 21, 2022 we see a spike in shorts and prices reach macro support levels. If this bid to crash DOT doesn't work then the short squeeze that coming will be akin to the one over the summer and we can expect a 200% plus pump between Feb and March.
My guess is that this spike in shorts are retail shorts that are about to get wrecked.