DOT Potential LongThe above trade idea is based on symbol DOTUSDT - Binance.
An alert has been set for the entry price.
Risk Management is always important. Let the trade come to you.
Stoploss(SL) 1% above entry. Take Profits(TP) at 1% increments.
First TP1 will have a higher percentage of take profit.
Do Techincal Analysis(TA) stick to your plan, let the trade come to you, and don't FOMO, if your plan does not come to fruition (not hit) then you have not lost any money, have a SL to ensure best practice so you can continue trading, journal your trade for self development and reflection.
DOTUSDT
Did it Fail?Hello everyone,
Some big red candles were formed today after touching the resistance line of the pattern. The bias is neutral since we are looking at a bullish flag and the price is forming good structures when going from a resistance to support. Also, we just touched the 0.5 Fibonacci level which is our strong support and the price is showing some rejection of it.
The only reason that the bias might change is red candles, they are way bigger than green candles as you see in the chart below.
However, if we want to look for a good buying area, we are looking at the area in the circle where the price might goes if it does not break the range we are in.
Please comment if you have any questions.
We just started the Crypto Season.🎊Hi Traders,
After that crypto experienced the best days after "Crypto Winter", July is beginning the season with some bullish moves.
However, at this moment we are having some red days one after another.
As we can see in this H4 chart, BINANCE:DOTUSDT is consolidating in a small range at the moment. The pattern we are seeing is either a Bullish Flag or a Descending Triangle, as it is also testing the support that it created after forming an Inverting Head and Shoulder on the Highly timeframe.
It looks like it is breaking to the downside, which is normal since there is some Liquidity residing below that retail Support. As well as it is Pull backing to the 0.5 Fibonacci level after the move.
DOTUSDT Preparing a HUGE Run-UpHi Everyone,
Yesterday we mentioned that BINANCE:DOTUSDT was making a Pullback into the 0.5 Fibonacci level and it almost touched it.
After breaking above the falling wedge (bounded by the yellow lines),BINANCE:DOTUSDT after that it consolidated for many hours in a tight range inside a wedge.
As of right now, we are inside a Bullish flag, at its resistance level precisely. If it closes above the pattern, we might buy at the retest of the flag. However, if we don't break it, we will most probably look for a buying opportunity at support (of the flag).
Polkadot (DOT) - July 25Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(DOTUSDT 1W Chart)
It is important to be able to rise above the 9.26-10.13 section.
To do that, you need to make sure you can climb above the 7.16-7.74 section.
(1D chart)
Primary resistance: 8.49
Secondary resistance: 9.26-10.13
1st support: 6.60
2nd support: 5.19-5.67
We need to see if we can break above the 60 SMA line.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
DOTUSDT - SELLHello traders, I'm about to sell DOTUSDT from one of these zones, let the price create a signal and come and make money! We don't have a confirmed bull trend yet, so I'm looking for opportunities to sell, they help me accumulate more coins.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
DOT SHORT 4H INTERVALHello everyone, let's take a look at the 4H DOT vs. USDT chart. As you can see, the price has dropped below the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.38
T2 = $ 7.51
T3 = $ 7.62
and
T4 = $ 7.73
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 7.26
SL2 = $ 7.00
SL3 = $ 6.77
and
SL4 = $ 6.43
Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy, while the MACD indicator shows a local downward trend.
DOTUSDT 12h Possible scenario movement for Polkadot priceToday we will analyze the local situation on the DOTUSDT price schedule.
But to begin with, we recommend that you familiarize yourself with our global idea of DOTUSD on a 3-day timeframe.
At the final price squeeze, sellers managed to spill the price below $6.36 to $6.02. However, buyers sharply bought the decline and closed the trading day at $6.46, after which the growth continued.
If we compare the price rebound of DOT with other altcoins, we can say that it is average in terms of values, maybe even weaker than the average statistical rebound.
However, if you believe in the prospects of the Polkadot project and ecosystem, but did not have time to buy it at the bottom, then fate may give you a second chance.
Buying in the area $6.65-7.00
And further growth is possible according to the following route: $7.00 - $9.00 - $7.50 - $10.00
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Polkadot Closes Full Green (100% Or More Still Available)Yesterday Polkadot (DOTUSDT) produced a full green candle and managed to close above EMA50 for the first time since March.
The doors are open for massive bullish action.
We have multiple targets to the upside but MA200 or the 1.618 Fib. extension level is the main one.
From the current price, that's a 100%+ potential.
(1,000%+ on 10X lev.)
Are you certain that prices will go there?
We have the same bottom pattern we looked many times in the past.
Each altcoin trading pair that had this pattern, low on 12-May followed by lower low 13-June, etc. have gone all the way up to MA200 and EMA300.
Polkadot is no exception, this altcoin pair will also grow.
Namaste.
DOT / USDT 4H CHART - fight the resistance!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price broke above the local downtrend channel and started a local uptrend.
Let's start by setting goals for the near future that we can consider:
T1 = $ 7.96
T2 = $ 8.49
T3 = $ 9.10
and
T4 = $ 9.94
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 7.55
SL2 = $ 7.26
SL3 = $ 7.00
SL4 = $ 6.77
and
SL5 = $ 6.43
Looking at the CHOP indicator, we can see that in the 4H range we still have energy to continue the movement and the MACD indicator confirms the local upward trend.
DOTUSDT | Break of the wedge opens a profitable short positionHello everyone
I have prepared a new signal for you, I write every day 10 profitable trades for the Russian and English audience, I think it will not be difficult to like and comment on the idea, your feedback is very important to me Go to the channel there is a lot of useful information.
Let's break down the #DOT chart
On the chart, the formation of a falling wedge, the price broke through the wedge with a strong removal of one candle.
I expect further growth to the local ($8.38) resistance, after which we can consider a short position.