Polkadot / TetherShort
Update to my DOT/USD idea - Further moves down
Hello everyone.
Looking at the 4H TF, we have some insight we can use from my previous idea. Some things to note:
DOT quickly rejected 7.5 point as expected. We can see a double rejection which to me signals a strong further decline on the descending channel. Due to this, we stay bearish and the ideas from my previous post remain.
I was able to get my SHORT position in at 7.5, however you may not see that on this chart, as exchanges have somewhat differing prices for each crypto.
What do you think? Let me know.
Looking at the 4H TF, we have some insight we can use from my previous idea. Some things to note:
DOT quickly rejected 7.5 point as expected. We can see a double rejection which to me signals a strong further decline on the descending channel. Due to this, we stay bearish and the ideas from my previous post remain.
I was able to get my SHORT position in at 7.5, however you may not see that on this chart, as exchanges have somewhat differing prices for each crypto.
What do you think? Let me know.
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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.