Get started
Polkadot
Long

$DOTUSD potential entry point (3/5)

By asdf098
Updated
Conviction: 3/5
could drop further to MT support (Sep 2020)


General Thesis
  • two possible paths, one bouncing off ST support (Jul 2021) and the other bouncing off MT support (Sep 2020)
  • 2nd scenario seems more likely (just a guess)
  • recently did a bullish divergence in December 2021, so this could be it


Potential Risks
  • BTC pair looks attractive, although could play out via BTCUSD weakness, rather than DOTUSD strength
Trade closed manually
broke below support
buycryptojanuaryjanuary2022OscillatorsSupport and Resistance
asdf098
Also on:

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.