Polkadot ($DOT ) Just Took a Hit!
$19.465K Longs Liquidated at $4.441!
The bulls got shaken out — but is this a trap or a golden entry?
Here’s the Full Analysis:
Chart Pattern:
$DOT just wicked down near a major demand zone, wiping out over $19K in long positions — classic stop-hunt move by the whales! Now it's approaching a key reversal zone.
Buy Zone:
$4.38 – $4.45
(Watch for confirmation: bullish engulfing candle or RSI bounce from oversold)
Target 1: $4.68
Target 2: $5.04
Target 3 (Mid-term): $5.45
Stop Loss:
Below $4.30 (Structure break = invalidation)
Analysis Logic:
Liquidations near support = possible whale accumulation.
RSI nearing oversold, indicating bounce potential.
Previous price action shows strong reaction from this zone.
If BTC remains stable, DOT could see a sharp reversal from here.
CONCLUSION:
Whales just flushed the weak hands. The question is — will you catch the bounce or be caught off guard? This could be $DOT revival zone before the next rally!