✴️ Polkadot 6X SHORT (280% Potential)

6 Mar

For Polkadot we will focus solely on chart signals.

Notice a strong higher high in March compared to December.
The March candle has really high volume but red. This is matched by the RSI producing a very strong lower high (bearish divergence).

The bearish signal is a combination of a very strong negative session, a bearish divergence with the RSI, high bear volume coupled with marketwide bearish action. All those combined result in a very strong signal.

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SHORT DOTUSDT

Leverage: 6X

Buy-in: $9.88 - $9

Targets:

1) $8.30
2) $7.95
3) $7.20
4) $6.40
5) $5.55
6) $4.95

Stop-loss: Close daily above $10.2

Potential profits: 278%

Capital allocation: 3%
____

Will it go down or will the price recover?
Hard to tell, market conditions can always change.

We can have these bearish signals but everything can change in a flash.
➖ One needs to be able to adapt in the case this happens.

Will all the targets hit?
Hard to tell, some targets can hit and then a reversal happens.
➖ One needs to be able to adapt and have a strategy to take profits, secure your trade.

Leveraged trading is recommend for experienced traders only because of the high risk. If you choose to use this information, you do so at your own risk.

Nothing that I share is financial advice.
Everything I share is my opinion only and intended for educational purposes, learning and entertainment.

I hope you find this information useful —this post timely.

Thank you for reading.

Namaste.