Polkadot [DOT] to continue upwards movement

This is my first published idea, I generally do all my drawings on Binance tradingview tab, cannot export them sadly.

Some quick explanations:

0 - This is the move where we start entering the rising trading channel
1 - These are rising wedges within rising trading channel
2 - These are descending wedges within rising trading channel

Each time DOT has had it's rising wedge movement broken, it turns into a descending wedge, once trading channel bottom has been touched, a move to break out from descending wedge and continued upwards movement is formed.

Once a breakout from current descending wedge has been confirmed, we can expect further upside to atleast the top of the trading channel.

TLDR:
I am stacking up on DOT expecting the move explained in the chart.

تعليق:

DOT has broken out from the descending wedge as I expected, I have since posting the initial idea stacked up some more DOT and also taken a 2x margin.

Also, the upwards channel was just an example, the target would be at the top of the trading channel whenever it is reached.

تم فتح الصفقة:

I scaled down a bit on my margin position at 77k sats, as it was overextending a bit, and it's always nice to ensure some profits. After a really big shakeout yesterday I am looking for DOT to reenter the expected upwards channel. From 61,5k sats and upwards I am still in profit on all DOTs bought for this trade, so just relaxing with some profits realized and following how it evolves.

تم إغلاق الصفقة يدويًا:

Trade successful!
100% of my position sold at between 81k-82k sats.
Might come back later if DOT touches bottom of trading channel and bounces from there, then we might get another run towards top of trading channel before the channel breaks.