🚨 PUBLIC SERVICE ANNOUNCEMENT: DON'T CATCH THIS FALLING KNIFE! 🚨
This is a warning: Please be extremely cautious with $DOT (Polkadot). The chart is screaming DANGER, and attempting to "buy the dip" is incredibly risky right now.
Here's why you should stay on the sidelines:
Relentless Downtrend: $DOT is locked in a strong, multi-year bearish channel, consistently printing lower lows and lower highs on the weekly timeframe. The trend is clearly your enemy here.
Major Support Failure: The critical long-term support zone around $4.915 has been decisively broken and has officially flipped into strong resistance. This breakdown is a massive signal of market capitulation.
No Visible Support: With the failure of the $4.915 level, there is virtually NO significant structural support remaining until the area of $0.645. The chart shows a potential for a massive vertical drop to this target.
Conclusion:
Entering a position here is highly speculative. I strongly advise staying on the sidelines and preserving your capital. Don't let cheap prices fool you; a 90% drop can easily turn into a 99% drop when major support fails. Patience is key.
Are you holding any coins with similar ugly charts? Share them in the comments so we can all be aware! 👇
#DOT #CryptoWarning #dump #RiskManagement #BinanceSquare
