DOTUST trade ideas
DOT's Correction PhaseThe price of DOT is currently in a correction phase and has reached the first support zone. Be aware that if we observe the emergence of strong bullish patterns in the daily timeframe, there is a possibility that the price may move towards the second resistance area. Additionally, if the current support zone is lost and breaks downward, the price may continue to fall and reach the next support level.
📊#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👀
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Long term analysis of DOT currency#DOT time 1W currency analysis
In the weekly time, the price has a good accumulation and with the start of a suitable upward trend, it has established a very favorable support level in the area of 5.5 dollars and we can expect a good long-term growth from this currency and there is a possibility that the price will reach the specified goals.
🟣⚙️ DOT Trade Analysis ⚙️🟣📉 Market Outlook:
Polkadot (DOT) has reached a significant support level after consolidating for approximately five days.
This presents a potential low-risk opportunity to initiate a long position.
🎯 Trade Plan:
Entry Range: Consider entering the trade between $6.00 and $6.50, aligning with the current major support.
Profit Targets: Aim for profits at $8.00 - $8.50 or $9.50 - $10.00 resistance levels.
Stop Loss: Implement a stop-loss just below $5.70 to manage downside risk.
📈 Trading Strategy:
Entry: Initiate a long position within the specified range.
Targets: Take profits at identified resistance levels.
Risk Management: Utilize the specified stop-loss to mitigate potential losses.
🚨 Note: Stay attentive to market movements and adjust your strategy accordingly! #DOT #TradingAnalysis #CryptoTrade 🌐📊
Dot middle term.* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
DOTUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: Market and lower
Targets: 10 - 15 - 20 - 24
after first target reached move ur stop to breakeven
Stop: under 4 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 8
risk is justified
Good luck everyone!
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Polkadot(DOT): Bearish Scenario We Are Looking ForPolkadot has also made a good downward movement, with prices breaking all FVG zones and also EMAs.
We are now seeking a potential further movement to lower zones here, but only if we see a good breakdown of the current zone (where prices find it hard to hold the zone and sellers are slowly taking over).
Swallow Team
#DOT A rebound from pricey supportConsidering the failure in the weekly time and reaching the resistance, the expectation to reach the support is high
You can make purchases in two steps
Don't forget that the price goes up with your likes
Lingrid | DOTUSDT keeps FALLINGBINANCE:DOTUSDT has been making lower lows as the whole market plunged a few days ago. There is a high likelihood that the market will continue falling, testing the lows. I think the market might just move sideways before there is a clear trend. I expect the market to move downward to an even number at 5.00. Notice the market forms a range zone, followed by a breakout downside by grabbing the liquidity above the Saturday high. My goals is a support level at 5.50.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
POLKADOT BULLISH SCENARIOSpolkadot last bottom zone for me is 5 dollars and I think I will buy from there if it falls. I think these two scenarios will develop, stay tuned. fibonacci levels are very important.
✴️ PolkaDot | Close Look (Short-Term Action Revealed!)PolkaDot (DOTUSDT) is in the process of producing a major retrace... Let's see what the chart has to say.
Here we have an "initial high" in December 2023; notice that in March 2024 a higher high is hit but this is a "weak higher high" because the peak price stays too close in the vicinity of the previous high.
➖ A weak high means weak bullish engagement;
➖ Weak bullish engagement means the bullish wave is losing strength;
➖ The bullish wave losing strength is a bearish signal.
The highest volume came in 5-March with the session closing red; a negative day.
Couple this with the weak and declining RSI, also producing a multi-months long bearish divergence and a lower high:
PolkaDot is showing bearish tendencies.
👉 It is set to move lower based on current chart signals.
Namaste.
DOT in the first strong support zoneDOT includes a strong correction in the USDT pair, the current level reaches 43% and indicates a return to the first entry zone into a potential LONG, further a second zone has been defined for price averaging.
However, looking at the behavior of BTC, which may potentially make another attempt to reduce the price, one should exercise caution and common sense when opening new positions, because a return of the BTC price by another dozen or so percent may result in very strong declines in the price of altcoins.
Polkadot(DOT): Middle Line of Bollinger Bands Holds Strong!Polkadot is looking sweet to move towards 200EMA with those nice rejections near the middle line of Bollinger Bands.
We suggest keeping an eye on that line and overall on the Polkadot; we might see some good results here!
Swallow Team
DOT UPDATE - LOWER TIMEFRAME - $4.7RR HIT
After the long trade hit target with a risk reward of 4.8 on the previous analysis we took the short immediately hoping to see it fall as shown on the chart. If you haven't enter this trade I believe this is the perfect entry time.
However a very important note: this short is just to hedge the overall position on our spot bag here our main direction on the mid-long term is bullish this lower timeframe are just momentary trades so never let it outweigh the spot bag.
OTHER ANALYSIS
Why Polka Dot (DOTUSD) is a Strong Buy Right NowPolka Dot (DOTUSD) is looking strong on the chart as it is forming a rounding bottom pattern. This pattern is a bullish indicator that signals a reversal of the downtrend. It also implies that the market is now attracting more buyers than sellers.
I have defined three potential targets for Polka Dot in the next few months. Right now, it is a perfect time to enter the market as the price is likely to rise.
If we look at the fear and greed index, most people are quite bearish and they have lost faith in the market. They believe that the market is still going down despite the fact that the worst has already happened last year, which was the Luna and FTX crash.
DOTUSDT.PHello Trader BINANCE:DOTUSDT.P
there is a bounce back and there is a second retest for the double bottom area, it is confirmed to be bullish for a short time.
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Disclamer: Not Financial Advice
DOT soon will flyDot soon will break up falling wedge.
After breakout it will be not possible to stop this token. Soon
DOT at monthly resistance, 66% move is possible220 days in the ascending channel
DOT @monthly resistance 9.6$, we want to see the clear break and the price must hold above it
Price can go to the top of channel 66% move
Enter if the price holds above the resistance
TP1 = 11.888
TP2 = 15.9
NFA
