DOTUST trade ideas
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 $6.006 level for potential gains.
This setup aligns with the previous supply zone, making it a strong resistance area. Confirmation from volume and candlestick patterns is recommended before entering.
Slow but steady and hopeful?!!polka dot was always among top 20 ranking of the market cap. but frankly didn't have optimistic activities from last 3 years. I myself expected better function from this coin.
however it's not just this alt coin issue, most other Alt coins had same frustrated expectation, anyway...
from technical aspect, at the moment price is moving below 200 moving average that show us the negative sentiment of the market, indicating still there is no desire for buyers to push the price upward right now.
so in my view this situation could keep on at least 2 or even 3 next weeks until we can see sign of strength for new uptrend.
then it gives us good opportunity of fully buy in deep.
the best chance is by the time the price is moving into range area of my chart.
the second chance is when price breaks upon the descending triangle already has formed
So if you eager to invest on this coin it may be last golden chance to buy on this sell-off
DOT - Cup 'n handle pattern @weekly, long position to 12$CRYPTOCAP:DOT seems to be forming a cup n' handle pattern in the weekly chart, with the handle bottoming at 6$. Expect a good long entry between 6-6.50$ and position a stop loss near 5.8$, with 1-3 take profit exits up to 12$.
As this coin and project always seem to be undermarketed on social media and all the FUD regarding inflation, play with caution with expectations of a moon shot after reaching 12$.
The biggest influential move to happen soon is the confirmation of the People's Bid buying TikTok, which would host all that social media on One Frequency, which is based on Polkadot Chain.
DOT Nearing Key Support: Potential for Bullish Breakout..!At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position.
For those investors with a long-term perspective, this price level could present an opportune moment to start accumulating DOT. Given the overall market trends and potential for recovery, a reasonable price target for DOT could be around $11. This target reflects the possibility of upward momentum as the market dynamics shift, providing a favorable outlook for long-term investment strategies.
DOT/USDT 4H Interval ChartHello everyone, let's look at the 4H DOT to USDT chart, in this situation we can see how the price is bouncing off the local downtrend line, only when it breaks out of it upwards will it be able to move towards the next two trend lines.
Let's start by defining the targets for the near future that the price has to face:
T1 = 6.67 USD
T2 = 7.05 USD
Т3 = 7.32 USD
Т4 = 7.65 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 6.22 USD
SL2 = 5.99 USD
SL3 = 5.56 USD
Considering the STOCH indicator we can see how we are again going below the lower boundary, which could potentially indicate an upcoming attempt to change the price direction.
Support and Resistance Zone: 5.907-6.920
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(DOTUSDT 1M chart)
From a trend perspective, in order to start an uptrend, the price must be maintained above the MS-Signal (M-Signal on the 1M chart) indicator.
However, since the volume profile zone is formed around 9.262, the full-scale uptrend is expected to start when it rises above 9.262.
Currently, the HA-High indicator is formed at 26.351.
Therefore, if it continues to rise like this, it is possible that it will touch around 26.351.
However, since it is rare for a 183% increase to rise without a downward wave, there is a possibility that the HA-High indicator will fall and be newly created during the rise.
Therefore, if you confirmed the support near 9.262 and bought, the target point will be until it meets the HA-High indicator on the 1M chart.
Since a strong volume profile section has been formed near 19.370, the point to watch is whether it can break through this section upward.
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(1D chart)
From a trend perspective, the 5.907-6.920 section is an important support and resistance section.
If it is supported and rises in this section,
1st: 7.480
2nd: 8.468-4.704
3rd: 9.262
4th: 10.131-10.392
You need to create a response strategy depending on whether it is supported or not in the 1st-4th section above.
If it falls below 5.907 and shows resistance, it is likely to fall to around 4.136-4.495.
If the HA-Low indicator is newly created during the decline, whether there is support in that area is important.
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A volume profile section is formed around 9.262, but a volume profile section is also formed around 10.131.
Therefore, it is expected that a full-scale uptrend will begin only when the 9.262-10.131 section is broken upward.
If you want to trade short term, you can buy when it shows support near 6.920 and respond according to the section I mentioned earlier.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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DOT - Get Ready!Dear my friends,
This year, the market feels strange. BTC keeps soaring while altcoins keep dropping. Do you sense the irrationality in play? Take a closer look at DOT. A significant volume spike has appeared, reminiscent of the conditions during the price surge in 2021. The time interval from this volume breakout to the subsequent rapid price increase is also strikingly similar. Observe the Ichimoku cloud—it has entered the cloud twist phase. I believe the price surge is merely delayed. Let’s prepare for DOT’s spectacular move. BNB and XRP have already broken their previous highs. Now it’s the turn of other major coins like DOT, LTC, and SXP. Coins that have broken their previous highs may still have room to rise further. However, at this moment, I’m focusing on coins with strong positioning, waiting for their breakout.
Best Regards,
DOT Poised for a Breakout: Key Levels and Price Recovery OutlookHello, Traders!
After reaching its highest point since last March, DOT price entered a correction phase, dropping over 40% from its recent peak.
However, it's showing signs of recovery and is currently trading above the $7 price level.
At this stage, it's highly probable that DOT has established a local bottom at the $6 level, making it unlikely that the price will drop below this support area under current market conditions.
Looking ahead, there are two key resistance levels to monitor at $8 and $9.
Breaking through these levels could open the door for a significant rally, with the potential to push DOT above the $12 mark — a price point not seen since 2022.
From a mid-term perspective, DOT continues to exhibit bullish tendencies, supported by improving market sentiment and increasing interest in the broader Polkadot ecosystem.
As development activity and adoption grow, it's only a matter of time before the price begins to climb again.
Please don’t forget to boost this idea and leave your comments below.