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DOT 3x Long / Tether

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DOTUSDT.3L trade ideas

✴️ PolkaDot | One CandleThe marked session is a Doji (yesterday | 31-December 2023). A Doji can mean indecision just as it can mean that a change of trend is about to take place. 26-Dec. also closed as a Doji; early signal that the trend is coming to an end. The 31-Dec. Doji confirms a bearish bias because it happens as DOTUSDT moves and closes below EMA10 on a daily basis. (This matches a rejection below EMA100 on the weekly). This signal alone can tells us that a correction is now close. Namaste.
Short
by AlanSantana
22
is DOT in a H&S? I'm not sureThe price chart really looks like an H&S, the RSI and OBV show a decline (bearish DIV) and especially RSI didn't follow the price surge of the head. However the volume pattern should be different. To be an undeniable H&S we should have a volume peak either at the peak of the left shoulder or at the first test of the neckline while head and right shoulder should present a declining volume. This is not the case. profitandstocks.com However, if the allegedly right shoulder will breakdown the neckline with a surge of the volume this will act as an H&S even if it's not how the books say it should be. In any case, as it is now, it's a bearish pattern. In case of dumping the bounce should happen around 4.7 USDT but it could be a bit over or lower it. The reason I'm not sure is that retail trading suggest 4.5 and SMT suggest 4.86. Just don't FOMO now. Good luck
Short
by Shotokhan
POLKADOT (DOT Trade Idea DOT/USDTPOLKADOT (DOT) has faced recent downward pressure; nevertheless, it is presently trading within a pivotal support zone, as evident from the chart. In the event that the Dollar Index (DXY) gains from its current retrace, DOT/USDT may pursue additional downside targets, given the typical inverse correlation between DXY and DOTUSDT. It is imperative to underscore that this analysis is exclusively offered for educational purposes and should not be interpreted as financial advice.
Short
by tradingwithanthony
DOT/USDT 4HInterval ChartHello everyone, I invite you to review the chart of DOT in pair with USDT. First, we will use the yellow line to determine the downward trend line, and additionally, we can define the local downward trend channel using the blue lines. Moving on, we can move on to marking support places using the trend based fib extension grid. And here we have a visible strong support zone with prices ranging from $6.67 to $6.15, but if we break out of this zone, we still have support at $5.48. Looking the other way, we see resistance at $7.09, then we can mark an important support zone from $7.94 to $8.37, and then we have very strong resistance at $9.64. It is also worth paying attention to the RSI indicator and the STOCH indicator, where we observe a rebound from the lower limit, which results in a slight price rebound with room for greater growth.
by cryptodailyuk
DOTUSDT - BULLISH OUTLOOKDOTUSDT is currently displaying a bullish divergence on the 1-hour (1H) time frame, suggesting the potential for a bullish reversal. This divergence is a positive sign and, when combined with other technical factors, could indicate an upcoming upward movement. For traders considering a position, a proposed trading strategy is outlined below: Entry: Contemplate entering a long position using a Buy Stop order at the price level of 7.07. Stop Loss (SL): Implement a risk management Stop Loss order at 6.49. Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio: TP1 = 7.65 TP2 = 8.23 This strategy aims to capitalize on the anticipated bullish reversal. However, it's important to stay vigilant to any changes in market conditions and be prepared to adjust the strategy accordingly.
Long
by Sarmadayaz