DOT: An important bullish channel is forming
Updated
Disclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Polkadot is new so really difficult to do TA here, however we seem to be in an uptrend and a strong impulse wave originated at 2.77. We might have completed wave 1 and 2 (ABC correction) so far, and seem to be getting ready for wave 3. As we know wave 3 is the longest wave so probably the best is yet to come for bulls. Considering that we are close the lower line of the channel I'm a high leverage buyer here targeting $5.
Entry: 3.92 SL: 3.7 TP1: 4.5 TP2: 5.5
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
Polkadot is new so really difficult to do TA here, however we seem to be in an uptrend and a strong impulse wave originated at 2.77. We might have completed wave 1 and 2 (ABC correction) so far, and seem to be getting ready for wave 3. As we know wave 3 is the longest wave so probably the best is yet to come for bulls. Considering that we are close the lower line of the channel I'm a high leverage buyer here targeting $5.
Entry: 3.92 SL: 3.7 TP1: 4.5 TP2: 5.5
Trade active
Closed 50% of my trade here (4.45), TP not hit yet but we are at 2:1 rr. Gonna let run the rest and have moved SL to 4.26
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