DOTUSDT
DOT USD | Coin for the long term.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Some fundamental information:
DOT coin is currently ranked #11 on CoinMarketCap with a market cap of $395067793126 Circulating supply is 1,142,530,551 DOT
The Polkadot protocol connects public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to exchange information and transactions trustlessly through the Polkadot relay chain (explained below).
Polkadot’s own token, DOT, performs three main tasks: it provides network management, its operational activities, and is also involved in the creation of parachains (parallel chains) by linking .. In general, a strong fundamental project that can already be bought off!
Let's now go through the technical side:
If you pay attention to the chart, you can see that the asset is now in a strong accumulation zone. After a strong fall in BTC, the asset fell another -40% and, in my opinion, reached its bottom.
I also highlighted the 2020 side trend with a red block, the asset was in the $3.6-6.2 zone for a sufficient time and after, but then you yourself see everything, a real bull has begun, success may be repeated
I think that here you can start buying back the coin on the spot, from the level of $5.50-5.70 is my area of interest.
You have to wait until the price stabilizes on the levels!DOT had a sharp downtrend over the past week. The price of this currency registered a sharp decline after failing to stabilize above the resistance range of $6.6-6.8, and the selling pressure broke the support of the $5.7-6 range. This bearish trend could continue if Bitcoin breaks back below the $16,000 range, taking the price down to key support in the $4.5-$5.14 area.
Selling pressure and sellers' strength is still high, and this can be seen from the upper angle of the descending wave with the horizontal axis. To see the signs of reduction and removal of selling pressure, we can consider the positive divergence of the RSI indicator, the volume divergence, and a complete pullback to the downward trend line. With a higher probability in the channel range of $4, there is a possibility of a complete price reversal and trend change. Therefore, you should wait until the price stabilizes at the specified levels.
Polkadot DOT price has nowhere to fall below. It's time for longIt's been a while since we did a DOTUSDT idea, then it's time to refresh our thoughts.
As you can see from the chart, the DOT price is clearly moving from one liquidity level to another, we have marked them nicely on the chart.
So, we assume that the price of the Polkadot token will consolidate a little more, buyers will gain strength and break up from the falling channel.
Therefore, we make an assumption for ourselves about the possible movement of the DOTUSD price
Long to $6.60 - correction - long to $7.90 - correction - long to $9.50-10
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Trading opportunity for long position DOTUSDTBased on technical factors there is a Long position in :
📊 DOTUSDT - Polkadot
🔵 Long Now 7.06
🧯 Stop loss 6.65
🏹 Target 1 7.70
🏹 Target 2 8.70
🏹 Target 3 10.00
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
DOT/USDT - LONG 12H TF----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
-------------------------------------------------------
⚡️⚡️ #DOT/USDT ⚡️⚡️
Client: My-Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (2X)
Entry Targets:
1) 6.9 - 100.0%
Take-Profit Targets:
1) 7.468 - 25.0%
2) 7.968 - 25.0%
3) 8.573 - 25.0%
4) 9.653 - 25.0%
Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (0.5%)
Stop: Breakeven -
Trigger: Target (1)