DOTUSDT trade ideas
DOT - Still Bearish
Considering:
A new lower low was made (at 4.20) without RSI Divergence
The descending trendline is acting as strong resistance
Then the higher probability is that we will see a new lower low soon.
DOT. Still...?My attitude towards Polkadot is neutral. I just don’t understand where to use it and whether it makes sense. There was a lot of noise, capitalization caught up with a multi-billion $, but is it justified...? So far, it's hard to say, at first glance, no. The only thing that comes to mind is a tweet from Polkadot's official twitter that they are not a security. It seems that Gavin Wood himself wrote it in ecstasy.
DOTUSDTWith the completion of the previous trend, which was the beginning of the stop of the downward trend, here we have to wait for a break from the top to the next red zone
DOT/USDT - Potential Trend Reversal to BullishThis pair has formed 2 immediate bullish reversal patterns one is double bottom and another one is a falling wedge which indicates a potential upward swing.
DOTUSD ❕ support areaTD Sequential has formed an up reversal signal on the 4H TF.
On 1H TF we can see that price and RSI chart formed a convergence.
The price chart broke up through the 50EMA (30m TF)
I believe the asset will bounce if it holds the current support.
Dot HTF Elliot Wi present my interpretation for DOT EW . let me know if you have a better understanding
DOTUSDThello Traders,
As we can see on the graph DOT is forming a cypher pattern in 1 day chart which is bearish as per the technical if DOT broke downward then it will free fall use proper stop loss if you are trading DOT.
DOTUSDT broke the trendHello everyone Recently discussed DOTUSDT. According to the previous idea, we reached the 1st goal by 5.4. But then the price broke the trend, so there is no need to talk about achieving the 2nd goal. At the moment, the price is trampling at the lower level, it is also the resistance level of 5.15 and has been for quite a long time. Therefore, most likely we will go down to the level of 4.7
DOTUSDT Short Setup!DOTUSDT Technical analysis update
Short level: $5.120 - $5.150
Stop loss : $5.25
Take Profit 1 : $5.01
Take Profit 2 : $4.85
Take Profit 3 : $4.66
Always Keep Stop loss
Thanks
Hexa
Keep an eye on $DOT/USDTDid you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
DOTUSDT-SidewaysSell stop: 5.09
SL: 5.12
Lot: 333.3
R: 1%
Buy Stop: 5.396
SL : 5.33
R: 1%
Lot: 151.5
DOT/USDT - Sideways Trade PlanDOT/USDT is moving sideways in the 1-hour time frame. We can trade this pair based on their support and resistance levels if the pair breaks the 2nd resistant level we may enter a long position having SL below 1st resistance. Also, we may place a sell stop on the breakdown of the 2nd support level with SL above 1st support.
DOTUSDT 1HDOT/USDT
Watching these levels can be useful to identify potential entry points: it is currently showing supports at 5,162 and 5,119. This indicates that these are the price levels at which buying pressure has historically entered and reversed a downward trend.
Considered short-term targets or points to consider taking profits:
On the resistance side, we see hurdles at 5,238 and 5,258.
The MACD , a trend-following indicator that shows momentum, is pointing down. This can indicate a downtrend or a loss of momentum in the uptrend.
The RSI , an indicator of momentum, shows exhaustion of selling forces. This could suggest that price action may start to reverse into an uptrend if there are no more bears to push the price lower.
The Chop indicator is at 43.17 which is below 50 which is generally considered a trending market. So, although there is some degree of consolidation, the price is still moving significantly.
Given the "needle" move (a quick downward price move followed by an equally quick rebound) it is possible that price action is bouncing back, these moves are quite common on Sundays in the cryptocurrency market.
DOTUSDT Sideways Trading Strategy! 🚀 DOTUSDT Sideways Trading Strategy! 📉
#DOTUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket
Greetings, fellow traders! 🌟 Today, I have an exciting trading opportunity in the DOTUSDT cryptocurrency pair. The 1-hour chart reveals a sideways market, lacking a clear bearish or bullish trend. To capitalize on this situation, I have devised two trade plans utilizing buy stop and sell stop orders, strategically aligned with key support and resistance levels.
📉 Trade Plan 1 - Sell Stop 📉
🎯 Entry: At S2, 5.100
🛡️ Stop Loss: Above S1, 5.160
🎯 Take Profit: 1:1 at 5.040
In this plan, we aim to profit from potential downside movement within the current sideways range. The entry at S2 suggests a bearish continuation, while the stop loss placed above S1 provides a safeguard in case of any price reversals. The take profit target of 5.040 offers a balanced reward-to-risk ratio.
📈 Trade Plan 2 - Buy Stop 📈
🎯 Entry: At R2, 5.336
🛡️ Stop Loss: Below R1, 5.273
🎯 Take Profit: 1:1 at 5.399
With this plan, we seek to benefit from potential upward momentum. The entry above R2 indicates a bullish breakout, and the stop loss positioned below R1 helps manage risk effectively. The take profit target at 5.399 ensures a 1:1 risk-to-reward ratio, aiming for a feasible profit within the range.
As a responsible analyst, I must emphasize the importance of risk management in your trading endeavors. Trading sideways markets can be challenging, so it's crucial to use appropriate position sizing and not invest more than you can afford to lose.
Best of luck! 🍀 Happy trading! 🚀💹
polkadot sellBINANCE:DOTUSDT is are giving us good profit in sell position risk reward ratio is perfect, lets take it.
DOTUSDTThe presence of supports at 5.26 and 5.24 indicates that traders have shown interest in buying DOT at these price levels, which may help limit further declines.
The resistances at 5.31 and 5.37 show that DOT may find it difficult to overcome these price levels, and traders may consider taking profits around these values.
A cross of the MACD lines to the downside suggests that the uptrend may be temporarily losing steam or undergoing a correction.
The formation of the perfect bullish trough indicates that the DOT bullish trend is still valid and may offer a buying opportunity, especially when the price is close to the lower edge of the trough.
Supports: 5.26 and 5.24
Resistances: 5.31 and 5.37
MACD Indicator: Lines Crossing Down
Price Pattern: Formation of a "perfect bullish trough" with the DOT near the bottom edge.
DOT one of the most perfect chartsHi Everyone;
Today we have DOT, one or the most respected chart
DOT is respecting the TA and have a potential very good growth
as you see the risk to reward is around 400 time the risk
which make it one of the best option to Invest
good luck every one
DOTUSDT 1DInterval ReviewHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the uptrend line, from which, as you can see, the price breaks out at the bottom.
Moving on, we can move on to marking support areas when we start a larger correction. And here the price stays ahead of the first support zone from $5.16 to $4.97, then we have a second very strong support zone from $4.79 to $4.53, and when the price goes lower we have support at 4.20 $.
Looking the other way, we see price bounce off the $5.27 resistance, then $5.60 resistance, a third resistance at $5.94, then a fourth resistance at $6.39.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the RSI is moving around the middle of the range, while the STOCH indicator indicates crossing the lower limit, which can give a temporary sideways trend for the price or a rebound.
DOTUSD ❕ tests the supportVolatility declined near the support level.
DOT fixed above 50EMA (30m TF)
I believe that the price will rise after overcoming the resistance.
