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DOTUSD.P trade ideas

It's time to load up on Polkadot!Hello everyone! It's been a while since a major correction on $DOT. What a bull run, huh? $DOT was up as much as 410% since it's lows in mid-July. So should you go ahead and get some now that it is down 20% from its initial highs, or should you shave off these gains? I'm here to help you out. Technical analysis $DOT has formed a beautiful uptrend which continues to show signs of strength. Given the fact that crypto went mainstream, I think that such a promising coin with a lot of innovation has quite a chance of reaching new all-time highs. ( Currently, Polkadot is 8th biggest cryptocurrency in the world by market cap ) Innovation behind Polkadot Relay Chain: The base Polkadot chain is the relay chain that connects all these individual chains. As such, they can organically solve interoperability issues between these connecting chains. Parachain: This stands for parallelized chains that run through the Polkadot network. These help scale up the system by parallelizing operations. Bridge Chain: This chain connects different blockchains that don’t use Polkadot’s governance protocols. Trading plan The general idea behind an uptrend is to buy at the support zone and sell at the resistance zone. And that's what I want you to do. I think it's a great time to enter a long position. In case of a breakout to the downside, use a stop loss. I would recommend setting it 3-5% bellow your entry price. Hope this helps. Feel free to leave a comment down below. See you soon, in the next one!
COINBASE:DOTUSD
by LeTraderRytis
DOTUSD - Update to Long-Term Channel with Battling ArcsIn my last analysis, I said that if DOT breaks back into the smaller bearish arc after breaking out and then retesting, it would invalidate my target of $95-120 by year's end. That invalidation happened in the last dip, and today we see a possible second break to the upside of the smaller bearish arc, putting the original bullish scenario back into play. I extended the parabolic arc out a bit, and both scenarios are still in play. I would look for $50+ as a confirmation of the upside target, and a failure to regain $50 in November as a confirmation to the downside. My bias is still bullish on the crypto market and DOT in particular. I'm looking for a break of $50 by the end of the month and a fast move upwards towards $95+ thereafter. Good luck and enjoy.
KRAKEN:DOTUSDLong
by funtimes
Polkadot Schemei never been a moon boy but i like to predict hope. Everything is always depending on theKing but if we get a new bullish impulse before next year, DOT could follow his master this way. Remember to manage your invests, Don't go all in, follow BTC movements, keep money to rebuy in case of fail. The Key is yourself. This chart is still conservative in the numbers to reach. -------------------------------------------------------------- Trading Parts -------------------------------------------------------------- TP1 = 75$ ish TP2 = 100$ ish -------------------------------------------------------------- Happy Trading
KRAKEN:DOTUSDLong
by thecryer
10
DOT Daily Stochs Ready For Lift OffWe see multiple factors coming together for DOT after the sell off market wide. Stochastic RSI has found its bottom here on the Daily chart and now pointing up, with RSI pointing up in agreement. The price action and underlying momentum wave are primed to flip approximately $42 price to very strong support. Parachain auctions and WEB3 are just around the corner, just look at EGLD as well. Entries at this point may see good gains in short and long term! O7
BINANCE:DOTUSDLong
by Gus_Gallantry
1
DOT Polkadot could be in a great position for a supbounce scalp For you scalpers out there DOT is at the support area of a long broadening wedge. I really wanna wait for candle confirmation to make the actual trade myself but it looks do-able. SL @ 37.33. The biggest issue right now with all of this is Bitcoin. BTC controls how the rest of the market acts. Right now BTC is falling day by day after getting to ATHs last week. So it needs to be monitored with your trade. When scalping you NEED to always watch Bitcoin and use BTCs momentum in conjunction with your scalp trade. DOT still has an excellent outlook and hopefully we see a bounce here and a rise back up to resistance.
BITFINEX:DOTUSDLong
by ConqueringCrypto