🟣⚙️ 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 🌐📊
DOTUST trade ideas
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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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
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
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 | 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.
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
BTC: break reng fr buy📊Analysis by AhmadArz:
🔍Entry: 8.893
🛑Stop Loss: 8.512
🎯Take Profit: 9.304-9.688
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#DOT/USDT#DOT
The price is moving in a downward channel on a 4-hour frame and is bouncing from the support area in green
The area in green is a very strong support area
Our RSI indicator has a trend that is about to break to the upside
We have a very strong uptrend
Entry price: 9
First goal 9.7
Second goal 10.19
Third goal 10.92