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Signal Type: Long
Polkadot has shattered a critical Falling Wedge pattern, signaling a powerful bullish trend. This breakout marks an ideal opportunity to open long positions and ride the wave toward massive gains. The Trend-Based 1:1 Fibonacci Extension and the Falling Wedge target align perfectly at $14, an impressive 87% surge from the current market price.
On the 1-Hour Timeframe (1H TF), technical indicators reveal strong bullish momentum for altcoins:
BTC Dominance has faced rejection at the Golden Fibonacci Ratio, closing the weekly candle below itโa bullish setup for altcoin dominance.
USDT Dominance is breaking down from critical Golden Fibonacci Resistance, increasing the likelihood of a significant altcoin rally.
TOTAL2 (Altcoin Market Cap) has solidified key support, reinforcing the bullish sentiment.
Trade Strategy
Entry Point: ~$7.50
Target Price (TP): $14
Stop Loss (SL): $5.75
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