🔥 DOT Weakness: Worst Case Scenario
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!
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!
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