Following on from our last post on Polkadot, we are now running gains of over 25% from our sell zone.
We are still in wave C, which is a 5 wave formation. In our last post we identified the completion zone for subwave 4 of Wave C and now we are seeing the 5th and final subwave of wave C. We are looking for Polkadot to move lower to around the 10-11 level where we will be looking for bullish reversal signs.
There's a potential 400% that can be made from the next bull run just on Polkadot alone, which is why we're constantly updating this clean setup!
Trade Idea:
- Hold shorts at breakeven until we reach 14.50 for first targets and 11 for second targets
- Watch for bullish price action on lower timeframe
We will update Polkadot once we reach our buy zone so we can all get in on the next bullrun ðŠðž
Goodluck and as always, trade safe!
See below for our previous Polkadot analysis:
We are still in wave C, which is a 5 wave formation. In our last post we identified the completion zone for subwave 4 of Wave C and now we are seeing the 5th and final subwave of wave C. We are looking for Polkadot to move lower to around the 10-11 level where we will be looking for bullish reversal signs.
There's a potential 400% that can be made from the next bull run just on Polkadot alone, which is why we're constantly updating this clean setup!
Trade Idea:
- Hold shorts at breakeven until we reach 14.50 for first targets and 11 for second targets
- Watch for bullish price action on lower timeframe
We will update Polkadot once we reach our buy zone so we can all get in on the next bullrun ðŠðž
Goodluck and as always, trade safe!
See below for our previous Polkadot analysis:
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