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DOTUSDT trade ideas

🟢 DOT Trading Plan 📈Market Analysis: DOT is holding a higher timeframe range high as support, forming a double bottom pattern, indicating potential readiness for an upward move, contingent upon overall market stability. Trade Setup: Entry: $6.8 - $7. Take Profit: $8 or next resistance around $9.5. Stop Loss: $5.7. Risk Management: Utilize a stop loss at $5.7 to mitigate potential losses. 📊 Trade Strategy Rationale: Anticipate a bullish move in DOT given the formation of a double bottom pattern and support at a higher timeframe range high. 📈💡 Stay alert for market stability and DOT's price action! #DOTTrading #CryptoAnalysis 🌐🚀
Long
by Richtv_official
1
$DOT - Breaking out from a massive falling wedgeCRYPTOCAP:DOT has been trapped in a falling wedge that started forming in March after almost touched the 12 usd mark, and just broke out yesterday printing a CHOCH and potentially drawing a higher low in the next hours. Currently the price looks extremely bullish to me and if the plan goes well, we could see it reaching 8 or 9usd very soon. Beware also that an important EMA passes right around 7.5usd, and price might not break it. In this scenario the price could revisit the entry point or even lower, so don't hesitate to take profit if you feel to. CRYPTOCAP:BTC LOOKS MID-TERM BEARISH AND CAN RUIN THE PARTY, SO TRADE WITH CAUTION.
Long
by fortune_00
A DOTUSDT chart per request.It was requested in the comment section of a previous chart I posted what I thought about the DOTUSDT chart so here I am taking a look at it on the weekly chart. We can see here how as soon as polkadot reache its full double bottom breakout target that it began a big correction…in doing so here it completed a head to a potential head and shoulders pattern and since it bounced from that low it is now forming the right shoulder to that head and shoulders pattern. f it were to validate the breakdown below the purple neckline of this head and shoulders pattern the full breakdown target would actually be even lower than the price range of our double bottom patterns lows. Because of this, I think this greatly reduces the probability that the pattern would hit its full breakdown target. Also since we are currently in the macro bull market cycle phase bearish patterns don't hit their full 100% targets as often. There is still a slight possibility it could hit the full breakdown target but imo that would likely have to coincide with a pretty severe black swan event to blame it on as a scapegoat. I think as long as we avoid some sort of crazy black swan in the coming months, that there is a higher probability the head and shoulders pattern doesn’t validate its breakdown. What to watch in order to know which way this will pan out is whether or not the top trendline of the yellow channel (aka the neckline of the double bottom) can maintain support on the weekly channel. Considering how the weekly50ma(in orange) is now coming up to overlap that trendline as double reinforced support, it’s wise to watch for price action to hod support on the weekly 50ma as well. Hopefully thisMA will help lift price action up and bounce it upward. As long as the weekly 50ma maintains that support the h&s pattern will not be validated. *not financial advice*
by DrDovetail
Polkadot(DOT): Rejection At 100EMAThe next coin we are keeping an eye on is the Polkadot coin, which has a good chance of further moving to the upper zones, yet just as good a chance of seeing full rejection from EMAs. We are looking forward to price action, and to be honest, we want to see a touch of 200EMA before fully turning to lower zones, but if we see it happening from a rejection of 100EMA, we will not be surprised! Also, RSI is approaching the overbought zone, so keep an eye on this one as well! Swallow Team
Short
by SwallowAcademy
🚧DOTUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BINANCE:DOTUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which DOT is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢REEGULAR BULLISH Divergence 🟢 No break out yet! 🟢 FALLING WEDGE ✨Targets are: 🎯$7.830 🎯$8.150 🎯$8.530 🎯$8.950 🎯$9.300 🎯$9.700 ✅previous Analysis ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
📊#DOT has completed the daily level correction✔️🧠From a volatility perspective, we have retraced half of the gains, and the correction at the daily level may have been completed. A healthy correction means greater upside potential in the future. ➡️From a structural point of view, the short goal has been fully achieved, and the liquidity pool has been swept across. There is also an expectation of rebound. A double bottom long structure has been constructed in the buying zone, so there is a high probability that we will rebound from here and continue the long trend. If we can successfully break through the previous high, then the ideal target area we can see is 20.277-25.479🙏🎯 ➡️From the perspective of wave theory, if the inflection point is successfully broken, then it is completely certain that the correction at the daily level is over.✔️ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888