The secret to successful trading is to limit entries!
The significance of a limit entry is often overlooked by traders.
We'll use $DOT as an example for this topic.
Many people had previously expected these crucial levels when DOT retouched the monthly low zone. Their limit orders are used to set these buy orders. One harmonic pattern is emerging in the hourly and daily timeframes. The attempts of purchasers to take the lowest feasible price as their positions would be the cause of this harmonic pattern's potential creation. Have you noticed how limit orders are accepted for 3.6, 3.9, 4.0, and so on in the low zone? This is because DOT is a valuable cryptocurrency with an undervalued pricing. We are not claiming that this is the only lowest amount the DOT can charge. Rather, we are attempting to say that. It will probably hold at this level, particularly if Bitcoin chooses to maintain its current average price. Checking the lowest price when placing a buy or long limit order and the highest price when placing a sell or short limit order is the recommended course of action.
Stay wise, trade cautiously.