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DOT

📈In-Depth Analysis of DOT: Long or Short Position?🔔🔍As we approach the ceiling of the trading range, it's time to pause and assess the decisions of the major players in the market. Understanding the dynamics between buyers and sellers, we aim to determine whether to take a long or short position. Today, we delve into the analysis of DOT, a coin that, like many others, is currently grappling with the resistance level without managing to consolidate above 7.455. 📈If we anticipate entering a long position after breaking the trend line, it implies a journey towards the lower end of the box, potentially around the support level of 6.275. With a 15% distance from the ceiling to the floor of the box, it presents an opportunity to open a suitable position in the futures market and ride it out until the floor of the box. The short trigger stands at 7.045, where a break in the shorter time frames like 1-hour or 15 minutes can offer a low-risk entry with quick risk-to-reward capture. ✅It's advisable to refrain from expecting high risk-to-reward ratios while within the range of 6.275 to 7.455. Settle for risk-to-reward ratios of 2 or 3 to ensure profit potential without being overly exposed to market fluctuations. ⚡️In the event of a breakout above 7.455, considering a long position requires a different approach. Given the anticipation of a new trend, setting stop-loss levels should align with the emerging trend rather than tight stop-losses to avoid premature exits. The previous model suits range-bound markets where lower risk-to-reward ratios suffice. However, for a potential upward move in the 4-hour timeframe, exercising patience for price action confirmation is crucial. Targets can be dynamically adjusted based on price behavior. 💥For a long position, a break above the 70 RSI line can serve as a confirmation of a sharp move upwards. As for the short position, attention to volume dynamics is essential, especially if the volume is gradually declining, indicating a forthcoming sharp market move. 📝To sum up, we have outlined strategies for both long and short positions in DOT. Whether the market undergoes a downturn and breaks below 6.275 or rallies above 7.455, traders can capitalize on either scenario. Additionally, considering the potential fakeouts, maintaining vigilance and adapting strategies accordingly is paramount for successful trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
DOT/USDT 4HIntervalHello everyone, let's look at the 4H DOT to USDT chart, as you can see the price is moving in a sideways trend channel where it is holding at the upper part of the range. Let's start by setting goals for the near future that we can include: T1 = $7.51 T2 = $7.92 T3 = $8.40 AND T4 = $9.08 Now let's move on to the stop loss in case of further market declines: SL1 = $6.82 SL2 = $6.45 SL3 = $6.19 AND SL4 = $5.85 The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.
by cryptodailyuk
🟢 DOT Trading Plan 📈Market Analysis: DOT is holding a higher timeframe range high as support, forming a double bottom pattern, indicating potential readiness for an upward move, contingent upon overall market stability. Trade Setup: Entry: $6.8 - $7. Take Profit: $8 or next resistance around $9.5. Stop Loss: $5.7. Risk Management: Utilize a stop loss at $5.7 to mitigate potential losses. 📊 Trade Strategy Rationale: Anticipate a bullish move in DOT given the formation of a double bottom pattern and support at a higher timeframe range high. 📈💡 Stay alert for market stability and DOT's price action! #DOTTrading #CryptoAnalysis 🌐🚀
Long
by Richtv_official
1
Dotusd chartSince I posted a chart on the dotusdt pair showing the double bottom and the bearish head and shoulders pattern, I also wanted to post a polkadot idea that showed the bigger inverse head and shoulders pattern thats still very much in play as well. We can see how dot did a very convincing fake breakout above the neckline before dipping back down below it. It’s common for price to go above the neckline multiple times and then back below it in between those times before the actual breakout, usually it doesn’t go this high above the neckline without validating the breakout, but let this chart be a rare example that shows it can happen. We can see that the weekly 50ma in orange and the weekly 100ma in yellow is currently holding double reinforced support and could easily end up being the lowest part of the right shoulder of the inverse head and shoulders. On the previous dotusdt chart that I posted shortly before this one (which I will link to below) you can see the weekly 50 ma is double reinforced support with the top trendline of the channel also suggesting the bottom of the right shoulder may be in. The top trendline maintained support on the usdt pair but we can see price action had dipped below the trendline here on the usd pair and is still currently just below it. Need to reclaim that trendline as support on the usd pair too to help insure we won’t breakdown from the bearish smaller head and shoulder I posted on the usdt pair chart. *not financial advice*
COINBASE:DOTUSD
by DrDovetail
1
A DOTUSDT chart per request.It was requested in the comment section of a previous chart I posted what I thought about the DOTUSDT chart so here I am taking a look at it on the weekly chart. We can see here how as soon as polkadot reache its full double bottom breakout target that it began a big correction…in doing so here it completed a head to a potential head and shoulders pattern and since it bounced from that low it is now forming the right shoulder to that head and shoulders pattern. f it were to validate the breakdown below the purple neckline of this head and shoulders pattern the full breakdown target would actually be even lower than the price range of our double bottom patterns lows. Because of this, I think this greatly reduces the probability that the pattern would hit its full breakdown target. Also since we are currently in the macro bull market cycle phase bearish patterns don't hit their full 100% targets as often. There is still a slight possibility it could hit the full breakdown target but imo that would likely have to coincide with a pretty severe black swan event to blame it on as a scapegoat. I think as long as we avoid some sort of crazy black swan in the coming months, that there is a higher probability the head and shoulders pattern doesn’t validate its breakdown. What to watch in order to know which way this will pan out is whether or not the top trendline of the yellow channel (aka the neckline of the double bottom) can maintain support on the weekly channel. Considering how the weekly50ma(in orange) is now coming up to overlap that trendline as double reinforced support, it’s wise to watch for price action to hod support on the weekly 50ma as well. Hopefully thisMA will help lift price action up and bounce it upward. As long as the weekly 50ma maintains that support the h&s pattern will not be validated. *not financial advice*
by DrDovetail
Polkadot (DOT): Are we done yet?We had to reassess the situation with DOT on the daily chart and have concluded that we are still not seeing the completion of Wave (2). Why is this the case? Because the correction downward following what we assume to be Wave (2) is too brief in duration to be considered a Wave 2. However, the upward movement towards Wave B was surprisingly strong. Since we have now fallen below the level of Wave A, and we make no exceptions for Wave 2 as we might for a Wave 4, we believe this represents an overshooting Wave B, which respected the 161.8% level almost to the cent. We now expect a downward movement that should reach between the 78.6% and 100% levels. Upon closer inspection, we also assume that what we overshoot upward, we'll compensate for downward, a typical characteristic of an Expanded Flat. Therefore, the 78.6% to 100% range is seen as crucial and robust. The low of $3.56 must not be breached, which would be far from ideal. On the daily chart, we also note a Fair Value Gap above, which remains the only gap on this chart. Eventually, all such gaps get filled. The question remains: will we move towards $4.85 or $9.50 first? Upon closer examination on the 4-hour chart, we've observed a four-wave structure since Wave B. Currently, we are respecting the 38.2% to 50% zone for Wave ((iv)) and remain below it. The scenario we believe in indicates a potential drop to $4.85. The timing is uncertain, and we may see some sideways movement for a while before experiencing a sharper decline. We've reached the 2.618 Fibonacci time zone, indicating a perfect setup for Wave (2). We've missed this by a day, but still anticipate a further decline, remaining within this golden zone. Additional Fibonacci clusters lend further confirmation, therefore, we expect significant buying volume in the range of $4.85 to $3.56. This would be an intriguing entry point as we are at the end of Wave (2), predicting that the subsequent Wave (3) will surpass Wave (1). The peak of Wave B at $11.88 offers a solid target, potentially making this a very interesting long-term swing trade.
BINANCE:DOTUSD
by freeguy_by_wmc
OP(Optimism) price action analysisSimilar scenario that the market has experienced Example 1 💰DOT (spring-summer 2021) Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump 💰OP (spring-summer 2024) Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great pump This scenario can be applied to many altcoins, not just OP.
Long
by razumcapital
🚧DOTUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BINANCE:DOTUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which DOT is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢REEGULAR BULLISH Divergence 🟢 No break out yet! 🟢 FALLING WEDGE ✨Targets are: 🎯$7.830 🎯$8.150 🎯$8.530 🎯$8.950 🎯$9.300 🎯$9.700 ✅previous Analysis ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
🟣⚙️ DOT Trade Analysis ⚙️🟣📉 Market Outlook: Polkadot (DOT) has reached a significant support level after consolidating for approximately five days. This presents a potential low-risk opportunity to initiate a long position. 🎯 Trade Plan: Entry Range: Consider entering the trade between $6.00 and $6.50, aligning with the current major support. Profit Targets: Aim for profits at $8.00 - $8.50 or $9.50 - $10.00 resistance levels. Stop Loss: Implement a stop-loss just below $5.70 to manage downside risk. 📈 Trading Strategy: Entry: Initiate a long position within the specified range. Targets: Take profits at identified resistance levels. Risk Management: Utilize the specified stop-loss to mitigate potential losses. 🚨 Note: Stay attentive to market movements and adjust your strategy accordingly! #DOT #TradingAnalysis #CryptoTrade 🌐📊
Long
by Richtv_official
DOT in the first strong support zoneDOT includes a strong correction in the USDT pair, the current level reaches 43% and indicates a return to the first entry zone into a potential LONG, further a second zone has been defined for price averaging. However, looking at the behavior of BTC, which may potentially make another attempt to reduce the price, one should exercise caution and common sense when opening new positions, because a return of the BTC price by another dozen or so percent may result in very strong declines in the price of altcoins.
Long
by cryptodailyuk
DOT ANOTHER GIANT AWOKE Formed Wyckoff accumulation. With a breakout, there is not much resistance to the 18.3 price. At that price, the largest volume took place on the dates: January 26 to April 30. I didn't like Dot because they didn't show much power last year, but they are a big giant that starts web3. Those who entered it earlier at this price may reap some profit. I expect medium caps to start, that's why I'm also long with ADA and Neo. Write in the comments which alts you would like to see on my profile and if they seem interesting to me I will post them
Long
by learnfromfailure