If you are trading with DOT, there is a resistance around 10.4$ if DOT cross it successfully then we can see a long jump in price like we saw in 2021 which ended around 55$.
The current daily volume is around 1.7B $ which is supporting the bullish trend and the weekly RSI values are also in support to bullish trend.
Trade safely with small leverage as there could be a pullback from resistance.
Just a suggestion, don't fell in the trap of FOMO for XRP, it could dump anytime.
In last 2 days it showed more than 100% return, without showing any resistance at any level. This is not a good signal as it could be a pump and dump trap, where you will lose all your money. So be careful. If there is a pullback of 30 - 40% then maybe a small trade will be a great opportunity.
In the meantime, DOT showed a good support around 8.5$ after last night pull back, after which it pulled itself above 9$ mark which shows strong bullish intend of buyer. It would be a good opportunity for the trade.
NOTE: Please take the trades on your own risk. Avoid taking high leverage.
How many of you believe, trading platforms are misusing or sharing our trade data which make it even difficult for users to make some profit out of it.
The problem is not with the market the problem is with high leverage. I always suggest everyone avoid taking high leverage. Leverage more than 3x in crypto is very unpredictable.
LIVE
Leontine Janick cJkn
--
market is crashed. it is going dip. how it is bullish. I lossed $100 in 1 day in bonk. it does not seems it will reach up.
Its always hard to understand the market behaviour. Till now the AltCoins are holding themselves. The current sell we are seeing doesn't have enough volume which signifies majority is still bullish and looking forward for new highs. If you are selling your portfolio at this situation then you are just giving others the opportunity to buy at a discounted price. Most of the coins are not even close to their ATH, there is high chances that we will see a good recovery very soon in Alts.
The amplitude of 24% is now in red. first support. : 8.5$ Second support : 7.8$
Its good we are seeing a pullback but its concerning at the same time as bitcoin is down by 2% of its ATH while DOT is still way below its ATH, falling 24% after seeing a spike in buying till 10.5$. Please avoid taking futures trade with high leverage in this situation. The further pullback of BTC could take DOT back to 4-5 zone.