$DOT #DOT 📉
Direction: SHORT
Entry zone: 0.8598 to 0.8632
Stop loss: 0.8744
Target 1: 0.8443
Target 2: 0.8313
Polkadot is trading near 0.861481 dollars, down 2.96 percent in 24 hours, inside a range of 0.850001 to 0.905095 dollars, and the recent closes show sellers pressing every bounce, 0.861893, then 0.860892, then 0.851974, then 0.851357, then 0.861481. 🔴 My reading is that DOT is drifting lower with the whole altcoin market and has no reason to bounce while Bitcoin is stuck below 75,000 dollars, because altcoins follow Bitcoin and Bitcoin has not found its floor yet. A short from the current zone, with a stop above 0.8744, targets 0.8443 first and then 0.8313 if sellers push toward the range low. A move above 0.8744 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Polkadot fall to 0.8443 first, or break above 0.8744? 🤔
Follow for more trades.
#Polkadot #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.8598 to 0.8632
Stop loss: 0.8744
Target 1: 0.8443
Target 2: 0.8313
Polkadot is trading near 0.861481 dollars, down 2.96 percent in 24 hours, inside a range of 0.850001 to 0.905095 dollars, and the recent closes show sellers pressing every bounce, 0.861893, then 0.860892, then 0.851974, then 0.851357, then 0.861481. 🔴 My reading is that DOT is drifting lower with the whole altcoin market and has no reason to bounce while Bitcoin is stuck below 75,000 dollars, because altcoins follow Bitcoin and Bitcoin has not found its floor yet. A short from the current zone, with a stop above 0.8744, targets 0.8443 first and then 0.8313 if sellers push toward the range low. A move above 0.8744 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Polkadot fall to 0.8443 first, or break above 0.8744? 🤔
Follow for more trades.
#Polkadot #Crypto #FuturesTrading #TradingSignals
