DOTUST trade ideas
Polkadot (DOT) - Bearish Short TermPolkadot (DOT) has also fell below the 20-day EMA & 50-day EMA on April, 2nd. Previous support level for DOT has been broken at: $8.67. A daily candle is going to close bellow this support level and both EMA's which is extremely bearish short term. Due to this, bears could push the price action down towards to around $8.20 area.
However, If Polkadot bulls can hold the price and rebound off $8.20 by the end of this week. Bulls will create a rally to retest $9.74 target shown from the chart. A break above this, bulls will have more momentum and attempt to push the price further to $11.88.
Key Levels:
-New Support= $8.02
-Previous Broken Support Level= $8.67
-Target= $9.74
*Resistance= $11.88
DOT/USDT 1DInterval Chart ReviewHello everyone, let's look at the 1D DOT to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $9.67
T2 = $10.53
T3 = $11.89
AND
T4 = $12.86
Now let's move on to the stop-loss in case of further market declines:
SL1 = $8.22
SL2 = $7.23
AND
SL3 = $5.97
Looking at the RSI indicator, you can see a movement below the downtrend line, but it is worth noting that it is at support. However, the STOCH indicator shows a movement at the lower limit, below the downward trend line, which may result in maintaining the price.
Polkadot(DOT): Breakdown Happened!Polkadot has had a really nice breakdown where the price got rejected from the 100 EMA zone.
With now crushing down the 200EMA as well, we are seeing a good chance of further movement here, so we are keeping our eyes open for a potential target zone to be reached!
Swallow Team
The DOT price action has broken below its ascending trendlineThe price of DOT has breached its previously established ascending trendline, suggesting a shift in market sentiment towards the downside.
First support area is $8.44, Second support area is $7.50 and third support area is $6.30. I hope we can regain the ascending trend before reaching the third support level.
DOTUSDT.PHello Trader BINANCE:DOTUSDT.P
rising wedge chart valid area when breakdown below 9,417 area, but if you want to short scalping can market price
take profit 6%
stop loss 1.5%
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Disclamer: Not Financial Advice
DOTUSDT Analysis - Long-Term Opportunity !!Dotusdt has recently experienced a breakout followed by a retracement, indicating potential upward momentum. With signs pointing towards new highs, entering for the long term could be promising. However, it’s crucial to maintain a disciplined approach by implementing a stop loss to mitigate risks along the way
DOTUSDT (1D Chart) Technical analysis
DOTUSDT (1D Chart) Currently trading at $9.7
Buy level: Above $9.6
Stop loss: Below $7.7
TP1: $11
TP2: $13
TP3: $17
TP4: $23
Max Leverage 2x
Always keep Stop loss
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Polkadot(DOT): Rejected From Bollinger BandsPolkadot has shown us a decent rejection near the middle line of Bollinger Bands, which has also given us a confirmation of strength near that zone (as the re-test was secured).
As soon as we get the candle to close below that line, we will be looking for a potential movement between 100 & 200 EMAs.
Swallow Team
DOT/USDT | 1W 👀CRYPTOCAP:DOT is still in the accumulation stage.
Breaking the psychological mark of $10 will indicate the priority of further growth. And in fact, anything below this mark is considered the second stage of accumulation.
Accumulating and buying for the long term at prices below $10 is a perfectly good decision. The coin has not yet shown real growth. But I am confident that we will see good movement this year.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Polkadot. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Polkadot #Investment #DOT
🟢 DOT Trade Plan: Breakout and Retest Strategy 📈🚀🎯 Entry Point:
Long spot trade at the break and retest of $10.00 resistance on a 4HR candle.
🎯 Take Profit Levels:
First target: $11.30 - $12.00
Second target: $16.00 - $17.00
🛑 Stop Loss:
Just below $9.50 to manage downside risk.
📊 Strategy Rationale:
Taking advantage of breakout momentum with a confirmation retest strategy.
Targets set at key resistance levels for potential profit-taking.
Tight stop loss to manage risk in case of a reversal.
📉📈 Note: Monitor price action closely for confirmation and adjust strategy accordingly. #DOT #TradingStrategy #Breakout 🟢📊
DOTUSDT - Opportunity to catch a 38% correctionDOT/USDT is at a Buying Zone: This suggests that according to your analysis, the current market conditions favor purchasing DOT with USDT. Buying zones are typically identified through technical analysis indicators such as support levels, trend lines, or chart patterns. It's essential to have a clear understanding of why you believe DOT/USDT is in a buying zone. This could involve factors such as a pullback from previous highs, consolidation after a rally, or bullish indicators on technical charts.
The Premium Buying Zone is at 8.4 to 8.9: This indicates a specific price range within the buying zone where you believe there is a premium buying opportunity. The premium buying zone could be based on factors such as historical price levels, psychological levels, or significant order blocks. Identifying such zones helps traders focus their buying efforts and potentially capitalize on favorable entry points.