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Polkadot

DOT Long soonWhen DOT decides to reclaim the $39 level on H4 time frame that will signal a long for me. PT and stop listed. It already broke out of smaller OBV wedge and is testing the wider time frame downtrend line. If it breaks out, we could have a massive long potential to at least retest ATH with potential for further upside. Definitely one to keep on your radar. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into PUMPs. 2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Use multiple indicators to confirm your TA on price action. 10. Only trade what you are willing to lose. It will be hard to trade without emotions. Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
by DaCryptologist
Binance: DOT buy / long 1DBinance: DOT buy / long 1D Entry: 38 SL: 1d close below 25 TP: 54 Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other. This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services. The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot relay chain (explained further down). Polkadot’s native DOT token serves three clear purposes: providing network governance and operations, and creating parachains (parallel chains) by bonding. Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathread: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allows parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Long
by Tran_Tri_Tai
Polkadot (DOT) - November 30Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (DOTUSD 1W Chart) - Medium to Long-Term Perspective 16.15-20.27 or more: Expected to create a new wave. Above the 33.87 point is the highs section and we need to see if we can sustain the price above this section. (1D chart) First resistance zone: near the 41.70 point Second resistance section: 49.39-51.95 Support section: 31.45-34.02 In order to turn into a short-term uptrend, the price must rise above the 38.69 point to hold the price. It needs to rise above the 43.98 point to continue the uptrend. A decline from the support zone would likely lead to a drop near the 23.03 point, so a short-term stop loss would be necessary if the price fell from the 29.85 point. Since the volume profile section is formed over the 10.16-23.03 section, it is expected to create a new wave if it is supported within this section. ------------------------------------------ (DOTBTC 1W chart) 0.0003911-0.0004872 or more: Expected to create a new wave. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying the 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.) ---------------------------------
BINANCE:DOTUSD
by readCrypto
2
DOT/USDT found the bottom ????Polkadot has been correcting since the ATH and is heavily impacted by BTC. DOT is almost 37% below the last ATH despite all the bullish hype such as parachain auction. The question is where should we buy or accumulate more DOT? Currently DOT finding support at 200 EMA and 0.786 fib if it bounces from here and breaks the trendline then we will see a massive rally. If 200 EMA doesn't hold then the next major support is around $27. Be mindful of BTC movement too because BTC movement affecting DOT price more than other alts. This is not financial advice please DYOR
Long
by CryptoCafeClub
1