DOTUSDT 3D Medium-term trade with P/L = 10/1

11 ก.ค. 2022

Today we will look at the global chart of the DOTUSDT trading pair on a 3-day time frame.
The last global idea on DOTUSDT we published 8 months ago, then the downward trend began, which continues to this day.

At that time, DOT buyers were very determined to continue the growth, because on 11.11.2021, the first parachains in the Polkadot ecosystem were to be launched.

But the situation on the Dotusd chart that we saw suggested that the price will soon begin to decrease, from $50 at least to the $14-18 zone.
Of course, we were criticized then in the comments under the idea, that we do not understand what we are writing, only growth and nothing more wrote users TW...
But what do we see now? The DOT price is 2 times lower than our pessimistic forecast from the previous idea.

Now DOT buyers are trying not to let the DOTUSDT price fall below the liquidity level of $6.50

Not bad conditions to try a medium-term trade for a small part of the deposit:
Entrance $6.50-6.70
Stop $6.365 (-5%)
Take $9.95 (+48.5%)
The profit/loss ratio is 10/1

Below $6.36, it is most likely not worth holding DOT, because then fall can continue to $5-5.20 area

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