DOT/USDT Perpetual Contract
Short
Updated

Polkadot (DOT): 2 Scenarios, Which Way Now?

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Polkadot is in a crucial support zone where the price is testing it. We are left here with 2 possible scenarios: the first would be a breakdown of that support, which would move the price towards $4.90, or the second scenario would be a nice bounce from the current zone, which would result in a good movement to $6.50. As of now, we are waiting for confirmation of eather movement to happen!

Swallow Team
Note
snapshot
Buyers are losing the dominance near the support zone, where we see a good weakener kicking (sellers taking over the zone).

If we manage to close another daily candle in red, we should see a nice movement to the lower liquidity zone here!
Note
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Polkadot has broken that weak support zone where the price has now moved a good 7% since our first day and is still moving to the liquidity zone.
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Polkadot made a nice movement of 37% since our idea here where our target got reached and price dumped further!

🟢 IDEA WAS SUCCESSFUL

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