UPDATE ON POLKADOT - FINAL MOVE BEFORE THE BULL RUN

4 May

First of all you should see this scenario for CONTEXT.

Look at how perfectly price have been reacting to this chart. Here is an update with a potential 3RR trade setup. I feel... why not take advantage of the opportunity that presents itself but don't forget this is just us trying to make money on both bear and bull market the overall target on the mid - long term still remains bullish and our next DCA region is within the box below (typically where we will be taking profit for the SHORT trade). DOTUSDT

The ideal Entry is $7.746 being 1:1 if this potential wave 4-green turns out to be a Flat while the invalidation / stop loss is $8.509 (approximately 10%) and take profit is at $5.446 (3RR) approximately 30%

But it is possible we miss that perfect entry if the POTENTIAL wave 4-green turns out to be a Triangle as shown on the chart. So if you're not looking for perfect entry, you can also position from this point the only not so good news is that the risk reward ratio become 2 thereabout.


EDUCATION

This section is for those who still can't fully interpret my chart. so you noticed from the explanation above concerning the trade setup. There are 2 scenarios but represent on one chart and differentiated using the DOTTED & DASHED LINE. This is how you understand my charts when you see these lines.

I also believe you now know why you should also read every chart descriptions coz if you didn't read the one above now you'll have to go read it and for those that didn't read it at all :)skull.




OTHER ANALYSIS

4 May

Not

I just remembered look like we've seen this before :)

11 May

Not

DOTUSDT reacting good to this analysis so far