TradeCityPro | DOTUSDT Weekly Range Boxes of Altcoins๐ Welcome to the TradeCityPro channel!
Letโs analyze DOT, one of the popular cryptocurrencies, and identify its potential entry points.
๐ Overview Bitcoin
Before diving into the DOT analysis, let's check Bitcoin on the one-hour timeframe. Due to today's NFP news, Bitcoin has experienced volatility and once again got rejected from the critical $100,000 psychological resistance.
This rejection has led to selling pressure, pushing Bitcoin back toward the 96,445 support, which now has a higher probability of breaking due to this rejection. Additionally, Bitcoin dominance remains within the defined range, showing a slight upward bias.
If we see a correction, altcoins are likely to experience further declines, and I don't expect any major movements until the end of the week.
๐ต๏ธโโ๏ธ Previous Analysis
In our previous DOT analysis, we expected a decline after breaking $6.554, leading to a test of the daily range high. However, recent market conditions caused DOT to wick down as low as $3.743, which is its strongest support level.
๐ Weekly Timeframe
DOT remains inside its weekly range, and despite its 170% range, it is still considered ranging rather than trending.
I've previously discussed "money traps", and this applies here too. You can buy at $3.719, but without momentum, your capital could remain stuck in this asset for a long time. Who knowsโcould DOT be the next LUNA?
Considering these factors, I prefer either a strong reaction at $3.719 or a breakout above $10.309 before entering a position. Iโd rather focus on coins that confirm a breakout before entering**, like Jasmy, which recently provided a 400% gain.
For exiting, if $3.719 support breaks, it's better to accept the loss and exit. Later, if a buy signal reappears, you can re-enter using the same USDT amount, instead of holding and losing more DOT.
๐ Daily Timeframe
On the daily timeframe, DOT faced a strong rejection at $10.725, forming consecutive lower highs and lower lows. However, recent selling pressure appears to be weakening, and we are currently sitting on the $4.626 support.
Additionally, a trendline is forming, and if DOT rejects from it in the future, this would indicate continued bearish momentum, providing an opportunity to keep short positions open from higher levels.
I personally believe DOT may enter a range for some time, allowing traders who made emotional decisions due to FOMO and market volatility to reassess. For now, I expect the $3.719 support to hold.
That doesnโt mean we should buy immediately. Our strategy is clear , buy after a breakout above $10.725 , Wait for an accumulation range to form or Look for a sharp upward move, retest a key trigger level, and confirm a breakout before entering.
DOTUSDT trade ideas
DOT: Trading in a Range โ Whatโs Next?The chart shows that Polkadot (DOT) has been trading within a defined range between $3.76 โ $11.34 for a long time.
๐ป Resistance Level: ~$11.34 โ the price has bounced off this level multiple times.
๐ข Support Level: ~$3.76 โ a historically strong zone where demand appears.
๐ What Could Happen Next?
DOT is currently testing the support zone again. If it holds, we might see a rebound towards $11.34. Otherwise, a breakdown below this level is possible.
โ ๏ธ Strategy:
1๏ธโฃ Monitor the price reaction in the $3.76 โ $4.85 zone.
2๏ธโฃ If a rebound is confirmed, the potential upside target is $11.34.
3๏ธโฃ If support fails, a deeper correction could follow.
Polkadot (DOT): Easy Step by Step (just like last time)Polkadot seems to form a similar pattern on a bigger timeframe where, after seeing another rejection from the upper resistance zone, we are expecting the price to fall even lower (one last drop) before heading for another sharp bullish movement.
But before the last fall we need to see some kind of sideways movement so from here (the EMAs) we expect to see some kind of bullish movement so let's see how all this plays out!
Swallow Team
Polkadot (DOT): Possible Zone of Rejections / Plan A & Plan BPolkadot has bounced recently from EMAs where price is sitting slightly below the resistance zone.
We are waiting for more clarity here but overall we came out with Plan A and Plan B.
I think everyone understands the moves behind Plan A and B so nothing much to say here; rather, for now we have to wait and see who will take the dominance and control over the current resistance zone!
Swallow Team
My Insight on DOT came True! what's next?BINANCE:DOTUSDT
as I expected, Dot reached the support level I mentioned before!
Now I expect it ascend from here and reach around 6.3!
โ ๏ธ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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Letโs navigate the markets togetherโjoin the journey today! ๐นโจ
#DOT/USDT#DOT
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly
We have a bounce from the lower limit of the descending channel, this support is at a price of 4.10
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.60
First target 5.40
Second target 6.02
Third target 6.80
DOTUSDT Long Trade Setup๐ Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
Always follow the trend and manage risk wisely!
Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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DOTUSDTmy entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
Entry; $6.353
Take Profit; $7.609
Stop Loss; $5.949
DOTUSDT BEARISHDOTUSDT is one of my favorite coins, and Iโve held it for several years. In this chart, DOT is expected to experience slight bullish and bearish movements. The targets for both bullish and bearish scenarios are marked on the chart.
Note 1: Please pay attention to the danger zone and stop loss levels. If the close crosses these levels, the analysis will either be in danger or invalidated.
Note 2: My ideas are not intended for any type of scalping or scalpers!
You can find the full list of my ideas here: www.tradingview.com
Here are some of my ideas:
DOTUSDT LONGS
๐ DOT/USDT โ LOW RISK, HIGH REWARD! ๐
๐ Smart money is loading up! Are you in? ๐
โ
Entry: $4.967
๐ฏ Target: $10.60 ๐
๐ Stop Loss: $4.68 (Tight Risk!)
๐ฅ Minimal risk, massive upside โ letโs ride this wave! ๐ฅ
๐ข TRADE IT. BOOST IT. FOLLOW ME for MORE WINNING SIGNALS! ๐ฐ๐ฐ๐ฐ
#DOT #Crypto #LowRiskHighReward #Bullish #TradingSignal #MoonShot ๐
Prepare to BUY Spot DOTUSDT (M & 3M Cycle Combination)๐ Prepare to BUY Spot DOTUSDT (M & 3M Cycle Combination)
๐ DOTUSDT is a fundamentally strong asset, now entering an ideal accumulation phase in its M & 3M cycle! ๐
๐ Market Overview:
Fundamentally, DOT remains a relatively safe investment with a strong ecosystem and development progress.
Technically, the current M cycle correction presents a great opportunity for accumulation before the next expansion phase.
๐ Trade Plan:
๐ Entry Point:
$4.8 - $6.3, or accumulate at lower prices if possible.
๐ฏ Target:
$15 โ Mid-term projection based on cycle progression.
โณ Hold Time:
6-12 months, aligned with the expected M & 3M cycle growth phase.
๐ก Strategy:
Accumulate progressively within the recommended price range.
Monitor market trends and breakout confirmations for optimal positioning.
Maintain a mid-term approach, avoiding short-term noise.
๐ฅ DOTUSDT presents a solid mid-term opportunity โ Start accumulating now! ๐ฅ
DOTUSDT| Long Position The last buying push is failing due to absorption and then in the absent of buyers price is moving downward with a very low volume. This week I like to see buyer will be active and start participating because price is moving faster to grab all the liquidity which is buying limit orders.
I will update you tomorrow that what's going on we are getting long side or sell side. My Initial idea is going long with the strong hands.
DOT/USDT | 4-Hour Rejection SetupThis DOT/USDT 4-hour chart highlights a potential short setup at a key supply zone:
Entry: $6.373, anticipating rejection from the order block (OB) zone.
Stop-Loss: Placed at $6.556, above the OB zone for risk mitigation.
Take-Profit: Targeting the $6.006 level for potential gains.
This setup aligns with the previous supply zone, making it a strong resistance area. Confirmation from volume and candlestick patterns is recommended before entering.