Polkadot
Panjang

POLKADOT BUY OPPORTUNITY

Hi folks an interesting long position on DOT here. As we can see from the chart the DOT seems to have hit its bottom at $3.753. We can also see stochastic RSI, RSI and the Weiss open interest start to turn positive. On the Kellner channel we are outside at the extreme levels a time to buy. A long position can be opened as follows

TP 1 : $10.00 This is the when price action wicked up and fell back down indication the first possible resistance level

TP2: $14.00 This is the mean of the Keltner channel

TP: 3 $20.00-$22.00 This is the first bearish order block where price may struggle
SL: $3.00 Below the previous value of $3.753

If it gets above the previous bearish order block and finds support then DOT a further long position could be

TP 4: $30.00
SL : $25.00

Final long scenario is previous bullish order block at $30.00 and finding support then the Final take profit could be

TP 5 :$50.00

syot kilat

Penafian