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Dotusdtanalysis

Polkadot (DOT) Set for Potential Rebound? Key Price Action Signa👀👉 Despite recent downward pressure, Polkadot (DOT) is showing a bullish break of market structure on the 30-minute timeframe. I’m closely monitoring for a possible buying opportunity, guided by the key criteria discussed in the video. In this analysis, we’ll highlight the critical price action signals to follow and how to strategically position yourself for the next potential move. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Long
by tradingwithanthony
DOT Polkadot Technical Analysis And Trade IdeaWelcome to our DOT/USDT Technical Analysis and Trade Idea. In this video, we will delve into the charts, focusing on the prevailing bearish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that Polkadot is currently on the verge of a resistance level, a pivotal turning point for this crypto asset. Throughout this discussion, we will explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we will meticulously examine a potential trading opportunity within the NAS100 index. It is important to note that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the stock market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
Short
by tradingwithanthony
DOTUSDT Polkadot TA & Trade IdeaJust taking a look at this Polkadot chart. We've traded down to a key support level on the higher timeframe. The market is also overextended with somewhat of a liquidity void above the current price level. I would be interested in a potential sell if we break the current/previous low, then re-test and fail. That would be my cue to short this. The other thing to be mindful of is the higher highs and higher lows forming meaning the potential is also there for a reversal. Bottom line if we break the current level retest and fail I would be interested in shorting.
Short
by tradingwithanthony