DOT has had quite a severe correction after reaching its current ATH at $55. It dropped 32%.
Now that we have found a good support level at around $40, DOT has a new chance to pump.
The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up.
So long we hold above $40, DOT has a good chance to break above the resistance at $43.
Bias is neutral right now, but it will flip bullish the longer we sit above support.
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Now that we have found a good support level at around $40, DOT has a new chance to pump.
The indicators are bearish on the daily timeframe, but this can change quickly, particularly if on lower timeframes like 4-hour, the indicators can curve back up.
So long we hold above $40, DOT has a good chance to break above the resistance at $43.
Bias is neutral right now, but it will flip bullish the longer we sit above support.
Like and follow if you liked my idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.