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DOTUSDT trade ideas

DOT Polkadot Price TargetIf you haven`t sold DOT here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is DOT Polkadot. I've set a short-term price target for DOT Polkadot at $0.41. Looking forward to read your opinion about it!
Short
by TopgOptions
3
DOTUST - SHORT Technical Analysis on DOT/USDT (Polkadot/Tether) - Short Trade Setup Overview: The analysis focuses on the DOT/USDT trading pair, evaluating its current market conditions and proposing a short trade strategy based on technical analysis. The primary observation is that DOT/USDT is currently trading within a bearish channel. Bearish Channel Analysis: A bearish channel is identified when a financial instrument consistently forms lower highs and lower lows. This indicates a downward trend, suggesting that sellers are in control. For DOT/USDT, this downward-sloping channel serves as a visual representation of the prevailing bearish sentiment. Key Resistance Line: Within the bearish channel, there is a notable upper resistance line. This line has been consistently limiting upward price movements, acting as a barrier for the bulls. Identifying this line is crucial for our short trade setup. Confluence with 61.8% Fibonacci Level: To strengthen the analysis, the upper resistance line coincides with the 61.8% Fibonacci retracement level. The Fibonacci retracement tool is widely used in technical analysis to identify potential reversal levels. The confluence of the upper resistance line and the 61.8% Fibonacci level adds significance to this price zone, making it a strong potential reversal area. Short Trade Setup: The proposed short trade involves entering a position when the price retraces to the upper resistance line within the bearish channel. This retracement provides an opportunity to enter the market at a favorable price, anticipating a continuation of the bearish trend. Take Profit Strategy: The take-profit level is set at the 121.2% Fibonacci extension. Fibonacci extensions are used to identify potential levels of support or resistance beyond the standard retracement levels. In this case, the 121.2% extension serves as a target for the short trade, suggesting a potential area where the price could experience a more significant downward movement. Risk Management: To manage risk, a stop-loss order should be placed above the resistance line or a recent swing high. This helps limit potential losses in case the market behaves differently than anticipated. Conclusion: The analysis suggests a short trade opportunity on DOT/USDT based on the bearish channel, the upper resistance line, and the confluence with the 61.8% Fibonacci level. Traders should be diligent in monitoring the trade and adjusting their positions according to market developments. As with any trading strategy, risk management is crucial to protect against unexpected price movements.
Short
by Adam-Robinson
Will DOT wake-up soon ? Hello Traders, MIL:DOT is acting like an old man, but actually it might start to re-gain it's adulthood again soon Seems like it's forming Bull Flag when looking to small timeframes although if you switch to Daily timeframe you will find that it already broke a falling wedge with target towards 7.8$ based on hourly timeframe MIL:DOT is trying to reach the top of the flag at 5.650$ at which we will need Huge buying volume to confirm a breakout from the bull flag towards the resistances shown on the chart + two 4h confirmatory candles. On CRYPTOCAP:DOT.D dominance broke a falling wedge / descending channel too which somehow shows that we will have an increase on MIL:DOT dominance and Volume . Thank you! Have a nice day.
by TANcrypt0
2
Btc or dot?Polkadot 2.0 is coming soon. Polkadot 2.0 is a major upgrade to the Polkadot network that offers new capabilities, including improved scalability, greater security, and increased interoperability. Polkadot 2.0 is scheduled to launch in early 2024. Polkadot is gaining popularity. Polkadot is gaining popularity and the number of projects that use the Polkadot network is increasing. This increase in popularity has led to an increase in the price of Polkadot. Overall, Polkadot is a promising project with a lot of potential for growth. With the launch of Polkadot 2.0 and integration with new projects, Polkadot could become a major force in the cryptocurrency ecosystem.
by alima92
See if it can rise above 6.207-6.280Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOTUSDT chart) DOT corresponds to a coin that is expanding the coin ecosystem. And, it is one of the coins that has not yet risen above the MS-Signal indicator on the 1M chart. Accordingly, the key is whether the price can rise above 9.262 and maintain the price above the MS-Signal indicator on the 1M chart. (1W chart) To break out of the bottom zone, the price must rise above 6.207 and remain there. However, the section where a full-fledged upward trend begins is expected to occur only when the price rises above 9.262-10.1307. (1D chart) Currently, the M-Signal indicator on the 1M chart is located above 7.187. Accordingly, it is necessary to check whether the price can be maintained by rising above 5.382. If that happens, it is expected to lead to an attempt to touch the M-Signal indicator on the 1M chart by rising to around 6.207-6.280. If not, you should check for support around 4.876. If it falls below 4.876, it will fall into the mid- to long-term investment area, that is, the bottom, so be careful. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
DOT/USDT , Accumulation zone?Indicates the average price before the asset pumps in 2020 The price is down 93.53% from its high. We see each time on the weak reaction of the coin (breaking the resistance line of 434 days by 58.72%). Now is in a descending channel of 462 days , the reaction to work out the wedge +42.40% - into the resistance of the upper boundary of the channel The price is down to low values, pushing down, there is no positive news, is it all bad? (Creating the illusion of a commodity that has no price. Buy what is based on your analysis, don't be manipulated! They turn your head in the other direction, in the direction of the spectacle, while the backstage is preparing the next scene for you!)
by DmitriyOstapov
DOT/USDT Potential Bullish Trajectories? 👀 🚀 DOT Today analys💎 Paradisers, turn your attention to DOTUSDT as it showcases intriguing dynamics, currently positioned within a demand zone, hinting at high probability of a bullish trajectory. 💎 In recent developments, DOT managed to break free from a descending pattern, embarking on an upward trend. However, it faced resistance at the 4.622 supply level. The prevailing sentiment suggests a potential bullish push from the 4.285 demand zone. 💎 Yet, if the DOT doesn't maintain this momentum, it might find support and initiate a bullish trend from the 4.022 demand level. 💎 A breach below the 4.022 demand level could signal a bearish downturn. It's worth noting that while some newcomers might be inclined to go long, it's crucial to stay vigilant and remain a step ahead in the market.
Long
by MyCryptoParadise
1