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DOTUST trade ideas

POLKADOT AMONG MY PICKS FOR ALT SEASON This could be Polkadot for the bull run. Price might retrace to $5.6 but i highly doubt it with the presence of strong volume an relative strength index already above the previous high syncing with the price action, it is a strong indication of buyers taking charge and imminent price surge. Again as I have emphasised on previous analysis, do not time a perfect entry just accumulate for the ALT SEASON and expext at least x3-5. OTHER ANALYSIS
Long
by DewyCandles
1
Buy today, and we'll see you in December 2024.I feel that today is still a good buying opportunity. There were people who bought at $10 thinking it was cheap, although today it is 50% cheaper... Now, logically, you should have been buying. An excellent entry point was buying DOT at less than $5, ideally in the $4 range. However, if you haven't bought yet, don't regret buying DOT at $1 more. It's worse to buy when it's already at $7 in this Christmas rally.
Long
by winnerwinnerchickendinnerWIN
DOT ANALYSIS (6H)From where I inserted "Start" on the chart, it seems that the price entered a correction. This correction is a triangle or a more complex pattern (diametric or symmetrical). From the green area, it can move towards the targets. Closing a daily candle below the invalidation level will invalidate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
UPDATE ON POLKADOT - FINAL MOVE BEFORE THE BULL RUN First of all you should see this scenario for CONTEXT. Look at how perfectly price have been reacting to this chart. Here is an update with a potential 3RR trade setup. I feel... why not take advantage of the opportunity that presents itself but don't forget this is just us trying to make money on both bear and bull market the overall target on the mid - long term still remains bullish and our next DCA region is within the box below (typically where we will be taking profit for the SHORT trade). BINANCE:DOTUSDT The ideal Entry is $7.746 being 1:1 if this potential wave 4-green turns out to be a Flat while the invalidation / stop loss is $8.509 (approximately 10%) and take profit is at $5.446 (3RR) approximately 30% But it is possible we miss that perfect entry if the POTENTIAL wave 4-green turns out to be a Triangle as shown on the chart. So if you're not looking for perfect entry, you can also position from this point the only not so good news is that the risk reward ratio become 2 thereabout. EDUCATION This section is for those who still can't fully interpret my chart. so you noticed from the explanation above concerning the trade setup. There are 2 scenarios but represent on one chart and differentiated using the DOTTED & DASHED LINE. This is how you understand my charts when you see these lines. I also believe you now know why you should also read every chart descriptions coz if you didn't read the one above now you'll have to go read it and for those that didn't read it at all :)skull. OTHER ANALYSIS
Short
by DewyCandles
DOT/USDT descending channel what next?👀🚀DOT analysis💎 Paradisers, #DOTUSDT is currently nicely tracking a channel trajectory. Will this lead to a swift continuation of the prevailing downtrend, or are we entering a period of uncertainty for sellers? Let’s explore what’s likely to happen next. 💎 It's important to highlight that #DOT has broken below both the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish behavior indicates that bears are firmly in control, suggesting a likely continuation of the downtrend. 💎 Currently, #POLKADOT is positioned near a channel resistance that might attract potential sellers. Yet, we must be wary of potential price spikes upward, often seen as "stop-loss hunting" events. Such movements can introduce temporary volatility and challenge the prevailing bearish sentiment. 💎 However, as long as #DOT remains under the crucial supply zone level of $7.531, the scales are tipped in favor of a continued bearish trend. Should the price break above this supply level, then a bullish shift might be on the horizon. Staying vigilant and trading wisely is essential for success in these market conditions. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
8
Polkadot Tealeaf AugurSwing trade This is a loose plan, trend following with some target levels . I now believe it's almost impossible to predict exact movements like I used to try to in some of my older calls based on classical patterns, waves, Wyckoff etc. The mind kind of sees what it wants to. If it works great, but I've had my biases really distort what's actually on the chart too many times now. I am biased on the long side because of the sector's bullishness overall. There's also an upcoming Polkadot 2.0 upgrade early 2024 that should move prices. Polkadot has somewhat underperformed compared to other alts and that gives us a better risk reward ratio and more room for growth. The pattern playing out looks very similar to what Theta/USDT did recently so this trade could be over rather quickly. I've been accumulating since Oct Nov under $6 without a trading plan, got blindsided by the retracement that started after Christmas and now moved my stop loss to breakeven. Here's how I'm trading this going forward: Strategy / Trading Plan Looking for entries using the 4 hour, look for a pull back to baseline or below using half of your position and using an oscillator to time on a lower time frame. If the direction proves correct start pyramid into pullbacks around the baseline of the Keltner Channel 2,1 ratio or skyscraper in for a more aggressive approach. Risk Management The stop loss is just below the recent double bottom (~7.22), adjust to your risk tolerance, some other places to consider are just below either 7.78 or 8.34. Move stop to break even as soon as it makes sense and adjust a trailing stop loss to taste as the price moves in your favor. Goodluck and happy trading. -Hexxi
by Hexxi
3