After two years of market manipulation, does DOT still have room for growth?
DOT's 2-day chart shows that it has stopped falling. On August 5, a hammer line with huge volume was closed, and the price also reached an important support level. The subsequent market did not break the previous low, indicating that the support below is very strong. There was a strong rebound some time ago, but the volume was insufficient, which triggered a second retracement. However, on August 17, the signal of stopping the decline appeared again: bullish engulfing pattern. However, the only drawback is that this positive line did not increase in volume, and the effect would be weakened; but fortunately, it did not fall below $3.5. So from a technical point of view: DOT is currently in a consolidation market, and the bulls are strong below $4. There is little possibility of a further sharp drop, and the bulls are still accumulating strength. It looks like an opportunity in the short term, but friends who were trapped at a high position before and whose cost price is more than $15 should seize this opportunity. After being trapped for so long, you must find a way to increase the number of coins, so as to lower the average price and realize an early return. Don’t think about holding on to it and wait until the bull market ushered in a general rise in prices to realize your investment or even make a profit