DOT is currently trading in consolidation around the break out area on the chart. The yellow area is drawn around the local tops after the March sell-off.
With Bitcoin at $50k, there might be a minor bearish move incoming. In that case, I'm expecting DOT to drop, but not further than the red support area on the chart.
On the other hand, BTC might continue its parabolic move towards $60. In that case, I'll be looking at the green area of resistance to exit part of my position.
Happy trading!
With Bitcoin at $50k, there might be a minor bearish move incoming. In that case, I'm expecting DOT to drop, but not further than the red support area on the chart.
On the other hand, BTC might continue its parabolic move towards $60. In that case, I'll be looking at the green area of resistance to exit part of my position.
Happy trading!
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