PolkadotLong
DOT on a Dip?
When the market pulls back, instead of looking for momentum trades, its best to look for a dip to buy. If this ascending trendline gives up, Dot will probably go sub $6, however, its likely to hold up here, and that makes this right about the best time to enter, if this ascending trendline does hold here.
There are many assets right now that look like this, its worth coming them and looking for good entry, with the caveat that if we break support on any of those, you would need to bail for a small loss and focus on the next support, which is a bit lower for most of these alts.
Also to be fair, orderbooks look not great right now, more traders expect lower prices versus higher prices. I think we are at a point ETH could consolidate here and that could be rough books while it convinces traders it has a footing. You need to be especially vigilant trading right now.
There are many assets right now that look like this, its worth coming them and looking for good entry, with the caveat that if we break support on any of those, you would need to bail for a small loss and focus on the next support, which is a bit lower for most of these alts.
Also to be fair, orderbooks look not great right now, more traders expect lower prices versus higher prices. I think we are at a point ETH could consolidate here and that could be rough books while it convinces traders it has a footing. You need to be especially vigilant trading right now.
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