Long

PolkaDOT (New All Time High Incoming!) $70-$80+ Target

Updated

Dot has been in consolidation for quite some time, and it is one of the superior cryptocurrencies that has an actual use case as far as fundamentals are concerned. And it has barely moved the needle over the last few weeks. It definitely has all the signs of a wyckoff accumulation phase though, and it seems like we could have some very impulsive moves as it just smashed through the previous ATH and is now again in price discovery. If you aren't in, you may want to begin building a small position (low or no leverage) with bigger buys if we head to the trendline once more. IMO, there are many shitcoins that have mooned that are worth exactly $0 (doge for example). I could be wrong though. I have stops below trendlines just in case -- never bank big on a moonshot and treat your account like its a large amount even if its not. During this insane bullrun Dot could easily reach $100+ in the coming weeks.

Note

BTC shit the bed and tanked alt coins all around -- Im now looking at the lower trendline to enter long positions and have some very low orders in the $10-$15 range just in case we get massive scam wicks. If you've only been in crypto for a short time, this may be a frightening turn of events, everyone thats been around since 2017 or before knows this is very typical of crypto markets. It just hasnt happened for a while. Get used to more of this happening and learn to use futures platforms in these events anyway so you can take advantage of downtrends. Im personally just trading for more dot on the COIN M contracts at Binance -- tripled my dot holdings in about 10 minutes!

chillingeffects

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