đ DOT just pumped +12% and the RSI is screaming overbought at 74.7 on 4H and 77.9 on daily. So why am I still bullish?
đ Current picture:
Price at $1.206 with volume 2.78x above average. MACD is bullish on both timeframes. Long/short ratio at 2.34 â the crowd is heavily long, confirming conviction.
đĄ Why This Trade?
Overbought can stay overbought longer than you think. Strong momentum + surging volume = trend continuation. But tight stops are non-negotiable here.
đ LONG Trade Plan (on dips):
⢠Entry: $1.1775 â $1.2345
⢠Stop Loss: $1.0921
⢠TP1: $1.2542
⢠TP2: $1.3025
⢠TP3: $1.3507
đ¤ DOT at $1.50 by month end â realistic or copium? Drop your prediction đ
#DOT #Polkadot #DYOR
â ď¸ Not financial advice. Always do your own research.
đ Current picture:
Price at $1.206 with volume 2.78x above average. MACD is bullish on both timeframes. Long/short ratio at 2.34 â the crowd is heavily long, confirming conviction.
đĄ Why This Trade?
Overbought can stay overbought longer than you think. Strong momentum + surging volume = trend continuation. But tight stops are non-negotiable here.
đ LONG Trade Plan (on dips):
⢠Entry: $1.1775 â $1.2345
⢠Stop Loss: $1.0921
⢠TP1: $1.2542
⢠TP2: $1.3025
⢠TP3: $1.3507
đ¤ DOT at $1.50 by month end â realistic or copium? Drop your prediction đ
#DOT #Polkadot #DYOR
â ď¸ Not financial advice. Always do your own research.