DOTUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR
DOTUST trade ideas
DOTUSDT wants the breakout?DOTUSDT is testing the support level at $4.975. A support level is a price level at which there has been historically strong buying interest, preventing the price from falling further.
For a potential bullish trade setup according to Plancton's Rules, the price needs to create a clear breakout above the static and dynamic daily resistance at $5.4. A breakout occurs when the price convincingly moves above a significant resistance level, indicating a potential shift in market sentiment from bearish to bullish.
The static resistance at $5.4 represents a price level where selling pressure has historically been strong, limiting the upward movement of the price. The dynamic resistance could refer to a moving average or a trendline drawn on the daily chart, which also acts as a barrier to price appreciation.
If the price of DOTUSDT successfully breaks above the $5.4 resistance level, it could signal a potential bullish trend reversal or a continuation of an existing uptrend. This breakout could attract further buying interest from traders looking to capitalize on the upward momentum.
According to Plancton's Rules, a new long position is suggested if the price achieves the clear breakout above the $5.4 resistance level. A long position involves buying the asset with the expectation that its price will rise.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
DOT/USDT Bullish Scenario💎 DOT has recently broke its support level and is currently in the phase of retesting, where the former support might act as a new resistance. There's a potential for the price to descend toward the demand zone ranging between $4.4 - $4.65.
💎Within this demand zone, there's a likelihood of the price experiencing a bounce, propelling it into an upward trajectory targeting the supply zone between $6.5 - $7.
💎However, if DOT swiftly reclaims its previous support-turned-resistance area, there's a chance it might not touch the demand zone and instead, ascend directly to challenge the resistance trendline and the supply region.
Paradisers, keep your eyes peeled for these pivotal movements! Stay informed and trade wisely. 🌴
Polkadot upward momentum !🚀 🔥 DOT today analysis
💎 It's currently hovering around a key support zone, having touched it twice, indicating potential moves on the horizon.
💎 Presently, Dot is nestled within a demand zone. If it sustains above this zone, we could witness a seamless bullish trajectory. However, if it falters, a bullish move might only materialize after a retest of the lower order block.
💎 Digging deeper, we've noticed a shift where demand transitioned into supply, leading to a notable downward shift in price. Ahead, there's a clear supply zone accompanied by bearishOB. It's highly probable that it will embark on a bullish journey to address this imbalance.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
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
