Currently I'm holding 672 DOT coins long term with average price of 6.9$. I plan to add more at 3.6$. Why?
Dot like majority of cryptos has been dumped on last sunday and we saw a big pumps up on monday, but potential for more downfalls are expected in my opinion. Also this is how markets move. Primary push up will often be taken out to liquidise long positions and only then markets will go up higher.
If support at 3.6$ will be taken out expect even lower prices and in this case it can take a long time for prices to go up.
For targets look at previous highs first at 6.5$ then at 12$ and potentialy higher up to 15$.
Dot like majority of cryptos has been dumped on last sunday and we saw a big pumps up on monday, but potential for more downfalls are expected in my opinion. Also this is how markets move. Primary push up will often be taken out to liquidise long positions and only then markets will go up higher.
If support at 3.6$ will be taken out expect even lower prices and in this case it can take a long time for prices to go up.
For targets look at previous highs first at 6.5$ then at 12$ and potentialy higher up to 15$.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.