DOT/USD - Chilling on $40 support line. Can it pump? 🤔
DOT has had quite a severe correction after reaching its current ATH at $55. It dropped 32%.
Now that we have found a good support level at around $40, DOT has a new chance to pump.
The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up.
So long we hold above $40, DOT has a good chance to break above the resistance at $43.
Bias is neutral right now, but it will flip bullish the longer we sit above support.
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Now that we have found a good support level at around $40, DOT has a new chance to pump.
The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up.
So long we hold above $40, DOT has a good chance to break above the resistance at $43.
Bias is neutral right now, but it will flip bullish the longer we sit above support.
Like and follow if you liked my idea!
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