Technical analysis by SwallowAcademy about Symbol DOT: Buy recommendation (3/18/2025)
https://sahmeto.com/message/3358967

SwallowAcademy
Rank: 472
Analytical Power:
3.0
:Buy
Price at Publish Time:
$4.28
Profit Target:
(+111.04%)$9.04
Stop Loss Price:
(-20.90%)$3.39

Polkadot is back at that major support zone after getting another rejection from the resistance area. Now we are seeing a few things here. Each time we reach the local support zone, which has been forming since 2023, we see a strong overtake of buyers, and after some time we experience a positive upward movement that doubles the price. We are looking here to see yet another upward movement, thoughts?P.S: Keep in mind that current market situations are pretty bad so we might fall lower, but this is still a good opportunity trade that can be taken in our personal opinion.Swallow Team
Source Message: TradingView