🔥 DOT Weakness: Worst Case Scenario

٢ ديسمبر ٢٠٢١

Since beating the ATH with a minimal margin, DOT has been very weak, losing over 35% in a month.

Looking at the chart, a massive bullish triangle can clearly be drawn. With DOT trading down for weeks, there's a possibility that DOT will continue to do so and lose even more value.

In the case of a further drop (or even a big sell-off of BTC), I'm expecting massive support at the support line of the triangle. So if we continue to go down, I'm looking at this area to buy-in again. Long-term I'm still very bullish on DOT, which could even reach as high as $100 in 2022.

Happy trading!