Time For Another Long Setup | AbdullahhKhann on Binance Square

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Bullish

Time For Another Long Setup

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DOT

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0

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Polkadot (DOT) currently has bullish sentiment in the market, largely due to the following factors: 1. ETF Optimism: • 21Shares and Grayscale have applied for Polkadot-based ETFs, and while the SEC has delayed its decision until June 11, 2025, the mere fact that major institutions are pushing for DOT ETFs signals strong confidence in its long-term value. • This has historically led to price boosts for other cryptos (like Bitcoin) when ETF speculation or approval is involved. 2. Price Action: • DOT recently surged to around $4.32 before pulling back slightly. • Technical indicators from analysts suggest strong support levels around $4.00 and possible upward momentum if ETF news turns positive. 3. Market Sentiment: • Social media and trading communities are leaning bullish due to institutional interest and the broader recovery in the crypto market. • Some price predictions show DOT potentially aiming for $5.50–$6.00 if ETF approval materializes and the broader market remains supportive. Conclusion: Short-term: Mildly bullish, driven by ETF anticipation and overall market recovery. Mid to long-term: More bullish if ETF approval is granted, as it could lead to increased institutional exposure and inflows.

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waiting for that 4.0 mark to put some more margin in it this week is going to be insane for dot looking at that 5 dollars range if it manages to break 4.5 dollars resistance fingers crossed😈 #BinanceHODLerSIGN #dot

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already took out my initial investment and made double the amount still im holding will meet you in some months🫶🏻

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Given the current market conditions: • Long Position: If ETH breaks and sustains above the $1,800 resistance level with strong volume, it could be indicative of a bullish trend continuation. • Short Position: If ETH fails to maintain support at $1,780 and exhibits declining volume, it may suggest a potential bearish reversal. Risk Management: • Stop-Loss: Consider placing a stop-loss order below the $1,780 support level to mitigate potential losses. • Take-Profit: Set take-profit targets near the $2,000 resistance level to capitalize on potential upward movements. #BTCvsMarkets #BinanceAlphaAlert

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Price: $92,109 Trend: Pullback after recent high ($94,322) Support: Around $90,000 Resistance: Just above current level Short-Term View (next few days): • Possible short if BTC fails to break above $93K–94K again and breaks below $90K — could dip to $87K or lower. • Cautious long only if BTC holds $90K support and shows volume-based bounce. My bias: • Neutral to bearish short-term — looks like a cooldown phase after a sharp rally. If you’re trading short-term, consider shorting on failed retests of resistance.

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