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DOT / TetherUS

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DOTUSDT trade ideas

Polkadot (DOT): Possible Breakdown To HappenPolkadot has been bouncing from one side to another, and now we see pretty strong pressure to lower side of the triangle formation here. We see that the price touched nicely on the lower side here and yet is showing some weakness after a small attempt to breakout. We are now looking for a breakdown as mentioned earlier, and as soon as we get it, we should see a nice small drop towards the lower support zone (liquidity grab zone). Swallow Team
Short
by SwallowPremium
4
Polcadot DOT price chooses the path to the end of the yearWe don't know what's going on in the #Polkadot project fundamentally, but we've heard almost nothing about their sensational parachains. So let's just write what we see on the #DOTUSDT chart 1️⃣ The #DOT price seems to have drawn an H&S figure and is hovering over an abyss. If it consolidates below $6, the fall may continue to $4.5, and in the worst case scenario, to $3 2️⃣ But as long as the #DOTUSD price is above $6-6.50, CRYPTOCAP:DOT holders can believe in a miracle and literally pray for a blue scenario. Its working out to the region of $17-17.50 will allow at least some to exit positions that have been held for 2-3 years. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Long signal for DOT/USDTThis technical analysis is based on the daily chart of DOT/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels. Price Channel Analysis: The previous bearish channel is broken out, and a bullish channel is formed. The suggested entry point is around 7.046 USDT. Entry and Exit Points: Entry: 7.046 USDT Take Profit: 8.807 USDT (25.01%) Stop Loss: 6.607 USDT (6.22%) R/R Ratio: 4.02 Conclusion: This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 4.02, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Long
by QuantCT
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
by cryptodailyuk