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DOT 3x Long / Tether

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DOTUSDT.3L trade ideas

Polkadot Tealeaf AugurSwing trade This is a loose plan, trend following with some target levels . I now believe it's almost impossible to predict exact movements like I used to try to in some of my older calls based on classical patterns, waves, Wyckoff etc. The mind kind of sees what it wants to. If it works great, but I've had my biases really distort what's actually on the chart too many times now. I am biased on the long side because of the sector's bullishness overall. There's also an upcoming Polkadot 2.0 upgrade early 2024 that should move prices. Polkadot has somewhat underperformed compared to other alts and that gives us a better risk reward ratio and more room for growth. The pattern playing out looks very similar to what Theta/USDT did recently so this trade could be over rather quickly. I've been accumulating since Oct Nov under $6 without a trading plan, got blindsided by the retracement that started after Christmas and now moved my stop loss to breakeven. Here's how I'm trading this going forward: Strategy / Trading Plan Looking for entries using the 4 hour, look for a pull back to baseline or below using half of your position and using an oscillator to time on a lower time frame. If the direction proves correct start pyramid into pullbacks around the baseline of the Keltner Channel 2,1 ratio or skyscraper in for a more aggressive approach. Risk Management The stop loss is just below the recent double bottom (~7.22), adjust to your risk tolerance, some other places to consider are just below either 7.78 or 8.34. Move stop to break even as soon as it makes sense and adjust a trailing stop loss to taste as the price moves in your favor. Goodluck and happy trading. -Hexxi
by Hexxi
3
📈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
$DOT Bullish Dragon / Break Hook & GoReal nice setup here on DOT, one of the most undervalued alts paired against BTC. We've been watching this one for awhile, anticipating the move on the BTC pair, and its been setup real nice here on the daily USDT pair. Bullish dragon here, with a potential wave 1 up, wave 2 down. Broken outside of the downsloping supply line and retested, a classic break & hook Really want to see the local high at 7.58 broken, to confirm the double bottom and give more confidence to the idea that a 3rd wave is now under way. Looking for 9$ as a first target, which would be a potential pivot level at the 618 retracement, which is confluent with a 1618 extension of wave 1 up. Above that, the 2.0 and 2.618 extension levels would be likely, as id expect a full return for the imbalance at the top of the dragon. Risk management should always be expressed and all targets should be profit taking levels with the potential to become reversal zones.
Long
by TradingNomadic
Chart Signals Opportunity: Is DOT Poised for Takeoff with DED The DOT/USD chart shows an interesting development with a potential breakout from a falling wedge pattern. The price has broken above the resistance trendline and could potentially reach the target zone of $9.50-$10.50 based on technical analysis. It's worth noting that the upcoming DED token airdrop might be influencing the current accumulation. However, remember that airdrops are speculative events, and their true impact is uncertain. This is not financial advice, and other factors are crucial before investing. What are your thoughts on this potential breakout and the airdrop's influence? Remember, always do your own research and consult a financial advisor before making investment decisions.
Long
by ParabolicP
6
PolkaDot. In The Golden Pocket.Market Cap 6.9 Billion Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55. Price has since corrected 88% and finds itself in the Golden Pocket. We also have our first "Incredible Buy" Signal + Stochastic Oversold. Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms. Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there. Can price drop further? Most definitely! Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
2
DOT/USD Weekly Chart Shows Intriguing Signs - $25 Weekly VAH in Possible Wyckoff Accumulation: The weekly chart does exhibit some characteristics of a Wyckoff accumulation phase, including a period of price consolidation with decreasing volume. However, identifying a definitive Wyckoff pattern can be subjective and open to interpretation. Target Zone of $15-25: If a true Wyckoff accumulation is underway, the price could potentially reach the proposed target zone of $15-25 after a markup phase. It's important to remember that this is just a hypothetical target based on a specific technical analysis interpretation. Crucial Considerations: Confirmation Matters: Reaching the target zone requires confirmation through increased volume, breakouts above resistance levels, and sustained momentum. Not Guaranteed: Past performance is not indicative of future results, and technical analysis is not a perfect science. Broader Market Impact: Stay informed about overall market trends, news events, and regulatory developments that could influence DOT's price. Risk Management: Always prioritize risk management with a stop-loss order, regardless of technical analysis or price targets. Remember: This is for informational purposes only and should not be considered financial advice. Conduct thorough research, understand the inherent risks involved, and always consult with a qualified financial professional before making any investment decisions. Further Exploration: Analyze other technical indicators (RSI, MACD, etc.) for a more comprehensive picture. Consider fundamental factors like Polkadot's development progress, adoption, and competitive landscape. Research different interpretations of the Wyckoff pattern and potential alternative scenarios.
Long
by ParabolicP
5
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