FieryTrading

🔥 DOT Weakness: Worst Case Scenario

BINANCE:DOTUSDT   DOT / TetherUS
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!

🎯Official Channel: t.me/FieryTradingChannel

📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free

✅Monster Signals: t.me/monster_cryptosignals

🔥Premium Signals: www.fierytrading.com
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.