DOT market analysis:
Daily K-line trend:
The daily K-line of Polkadot (DOT) is moving back due to the overall trend of the currency circle, and is expected to hit yesterday's highest point. The EMA moving average trend is bullish, showing the strong momentum of the bulls, but it also faces certain resistance.
MACD and KDJ indicators:
MACD shows reduced volume, indicating that the bullish trend has been blocked, but the bullish status is still maintained. The KDJ indicator spreads upward, showing the activeness of buying.
Four-hour K-line trend:
Currently, the four-hour K-line is in the V-shaped transition stage, showing certain signs of rebound. The upper pressure level focuses on $11.15, and the lower support level focuses on $10.64. MACD began to rise due to heavy volume, DIF and DEA closed, and KDJ crossed upward, showing a signal that the price may continue to rise.
Trading strategy suggestions:
There is not much short and long space in the current trading market. It is recommended that prudent investors can choose to operate after seeing a confirmation signal to ensure a safer transaction. In terms of specific operations, it is recommended to take a short position when the upper range of 11.65 to 11.75 US dollars does not break, and grasp the stop loss and stop profit strategies according to the actual situation.
