Yuriy_Bishko

๐Ÿ”ฅHUGE falling wedge on DOTโ—๏ธThe MAIN trading plan here๐Ÿš€

BINANCE:DOTUSDT   DOT / TetherUS
๐Ÿ”ฅHi friends! Poldatot is most promises altcoin except ETH. The bridge between the blockhains is very usefull tool in crypto world, especially for the payment services.

Now DOT consolidate in the HUGE falling wedge and make LL and LH. It's not good, cause some of altcoin still make HH and HL, showing the strength. It can be related to the amoun of retail traders that entered DOT during the bull market and not sell most of their holdings.

๐Ÿšฉ At every low we can see EXTREMELY HUGEโ—๏ธ spike of volumes which shows how many coins retailers had. I think that the third DUMP is still possible. It will be related to the BTC dump to $12-13k. The $3-4 is a good key level for the long-term entry point.

โœ…The local picture is the consolidation inside the range and breakout of the trendline with targets that I mention below.

๐Ÿ“Š The main preconditions to open a long:
1. consolidation in the range with manipulation by the whales
2. squeeze to the trendline
3. bullish BTC

๐Ÿšฉ Just my recommendation is to use DOM and Footprint to identify the whales sell and buy orders. These tools will help you to increase the winrate by 25-35%.

โœ… My 3 targets for DOT:
๐Ÿ”ฅ $6.05 - the key level
๐Ÿ”ฅ $7.3 - the key level and local high
๐Ÿ”ฅ $9.6 - the key level and local high

Traders, what do you think about DOT? Do it have a change to reach $30-40 on BTC rebound? Write your thoughts in the comments!

๐Ÿ’ปFriends, press the "boost"๐Ÿš€ button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade

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