Why is no one paying attention to the surge of 10,484,172,920 ranked 15th by Binance? A wave of major market trends is coming! Must watch, must stock up!
After Polkadot's token fell for 700 days and consolidated for another 300 days, the price has surged above the dense moving averages, and the weekly level may present a relatively significant opportunity! Moreover, after 1000 days of consolidation, the market makers have accumulated enough chips, and the current bottom price is very solid.
Additionally, as we can see in the second image, the current price is in the Fibonacci 0.236 bottom price consolidation zone. If it rises to the Fibonacci 0.382 position, there is over 1x space, at the 0.5 position, there is 2x space, and at the 0.618 position, there will be around 3x space. This coin is not one I am familiar with, so I will not hold it to reach the previous high. When it reaches my expected price, I will take profits in batches. (Buy less spot for unfamiliar coins)
After this wave of explosive growth, there has already been a slight pullback. In the short term, it may continue to rise or may have another slight pullback, but I mentioned at the beginning that the current price is at the bottom of this bull market, and if you are getting in, I still recommend to get in immediately and hold long-term (until the bull market ends or reaches the expected profit-taking price).
If you are determined to find the most cost-effective position, my suggestion is to wait for a significant pullback to get in, but I do not recommend this because 1. most people lack patience, 2. it is easy to miss out. If you must wait, I suggest entering in batches. Get in now + wait for a significant pullback near the daily 20 moving average or 60 moving average.
From the overall candlestick perspective, Polkadot's trend is relatively smooth and seamless, without any chaotic movements.
I do not recommend contracts; a pullback may lead to a false breakout that carries you away. It's still my old saying: 1. Allow yourself to gradually become wealthy 2. Buy when no one is paying attention.
Love you all 🤑😘#山寨季到来