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

SwallowAcademy
Rank: 2320
Analytical Power:
2.3

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
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Signal Type: Buy
Time Frame:
1 dayProfit Target:
$9.04Stop Loss Price
$3.39Price at Publish Time:
$4.28