$DOT — 1W

One of the best coins of the past bull market in 2021, is falling for the third year.

After a slight rise earlier this year, the price formed a "Head and Shoulders" technical analysis pattern.

As a result, the potential of this formation was realized and now the price has reached the global support level.

I am looking at spot-buying, starting from the current values and up to the level of 3.50-4.00$.

I consider this area attractive because:

— Strong support level;

— High risk to potential profit ratio;
— The sentiment (fear) of many traders and investors about buying this coin.

In my opinion, the price may stab at the highlighted zone to gather liquidity below for more panic, after which it may turn around and go up, at least to the previous local high, to the “head” area.

DOT looks very weak indeed, that's why I'm using this opportunity for a position set.

#Polkadot