🚨 DOT Update May 12
It seems that DOT is quite optimistic in many aspects this May. Let's see with Trading Insight why DOT can be optimistic during a volatile market like this.
👉 Although at the end of April DOT had a decrease of 22% and maintained a continuous price decrease, the number of interactive activities at Block Chain Polkadot increased spectacularly, breaking records. However, Volume is still decreasing with the market, but looking more positively, when the market increases, DOT can flip its position quite well.
👉 The bearish trendline of the H4 frame and the D1 frame has officially been broken, creating a base is also partially completed.
👉 The moving averages have crossed, continuing the trend reversal.
👉 In addition to the positive news, we also have to look directly at volume. During the 12 days of last May, DOT volume was operating at the lowest level in the past 3 months.
Although there is a lot of good news, supporting price increases, we always have to be prepared for the market to go backwards. Remember to set a reasonable stop loss. Team proposed at 5.65-5.8
🔹 I will buy a little at this time, the target is only in the short term, at prices 7.7 and 8.45 I will close soon if this milestone is reached.
As for the main area, I'm still waiting for Near $4.
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