let's start trading on #PolkaDOT
We guess it's really good coin for trade at that moment
when Amy mw project would be launched or start staking up then please give me reminder dear #binancians
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$DOT Trading Setup:

• Entry Price (EP): $5.00 (Current Price)

• Stop Loss (SL): $4.75 (This is slightly below recent support levels to manage risk)

• Take Profit (TP): $5.37 (First Target at resistance) or $6.57 (Second Target if the resistance is broken and momentum continues)

This setup aims to balance risk and reward, especially if DOT can break above the key resistance at $5.37.

In my Elliott Wave analysis of DOT’s price movement, the microstructure of the current wave count remains unclear, though DOT is gaining upside momentum. While Wave 1 is growing, it’s uncertain if it has topped yet, and the structure appears messy with significant overlap. Key resistance levels to watch are $5.10 and $5.37. A break above $5.37 would likely indicate that DOT is already in the third wave of a third wave, targeting $6.57. However, without a clear microstructure, it’s challenging to confirm a substantial low. The $3.85 support area remains critical, as a breach below it could lead to a more bearish scenario.

#PolkaDOT #DOT #Trading #Futures

$DOT is currently climbing along an ascending trend line, potentially entering wave three to the upside, though confidence in this scenario remains low. To confirm the bullish outlook, we need to see a higher low and a break above the current high, with a target of around $6.57. The wave count is unclear, but there’s a possibility that wave 2 bottomed on August 16th, and the current move may form waves three, four, and five, albeit not as a clear impulse wave. An alternative scenario suggests that the market may still be in a larger wave two, or we could be seeing a B-wave corrective rally, which could peak soon, leading to a larger ABC structure with wave C heading downward. Support levels at $3.85 and $4.6 are still in play and might be tested. The next pullback's nature will be crucial in determining which scenario prevails, with a clearly corrective pullback and a higher low favoring the bullish scenario.

Trading Call for #PolkaDOT :

- Buy Position (BP): Above $4.65
- Target Price (TP): $6.57
- Stop Loss (SL): Below $3.85

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