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Polkadot (DOT) – July 11 for BINANCE:DOTUSD by readCrypto

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Related Articles

( DOTUSD 1W Chart)

If the price is maintained above the 16.14614892-20.26700243 range, the uptrend is expected to continue.

(1D chart)

If the price finds support at the 14.81206139-18.49989746 range and moves up to maintain the price at the 18.49989746-25.87557006 range, I would expect a reversal to an uptrend.

If it falls in the 13.59084203-14.81206139 range, it is possible to enter the mid- to long-term investment zone, so careful trading is required.

However, section A is a section that formed support and resistance sections, and is expected to rise if it receives support within this section.

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( DOTBTC 1W chart)

If the price is maintained above the 48719 Satoshi point, the uptrend is expected to continue.

(1D chart)

If the price is maintained in the 45117 Satoshi-57890 Satoshi section, it is expected to turn into an uptrend.
However, it remains to be seen if it can rise above the 48719 Satoshi point.

If it goes down, we need to see if there is support in the 38731 Satoshi-45117 Satoshi section.

If it falls from the 38731 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

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We recommend that you trade with your average unit price.

This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart

R: A point or section of resistance that requires a response to preserve profits.

S-L: Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading.

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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