POLKADOT - Watch For This Buy Zone!

15 Jan 2022

Polkadot could be making one more drop before we get to our ideal buy zone of $10. We appear to be in an ABC expanding correction now and looking for one more move down which we can capitalise on for the short term.

Short Term Trade Idea: SHORT
- Watch for bearish price action at the 32.5 to 33 level
- Watch for ascending trendline break for an extra confluence
- Enter with stops above the recent highs
- Targets: 22.5, 17.5, 10

Longer Term Trade Idea: LONG
- Watch for price to come back to the $10 level
- Once bullish price action appears, enter with stops below the lows
- Targets: 32.5, 54, 69, actively manage the rest

Let us know what you think. Goodluck!

15 Jan 2022

Nota

Lower timeframe Analysis