DOT +10.3% with L/S ratio at 2.97. The most one-sided trade on the board right now. 🚀
Polkadot at $1.071 breaking out with conviction. 4H RSI at 78.9 and daily RSI at 76.4 — both overbought, but when volume surges at 2.17x and longs are piling in at 3:1 ratio, you do not fade momentum.
📊 Why This Trade?
Price is above SMA7 ($0.983 4H, $0.928 1D) and SMA25 ($0.925 4H, $0.863 1D). The entire moving average stack is bullish. MACD is positive on both timeframes with expanding histograms — this is a trend acceleration phase.
🔑 Trade Plan (LONG):
• Entry: $1.054 – $1.088
• SL: $1.002 (below psychological $1.00 level)
• TP1: $1.114 | TP2: $1.157 | TP3: $1.200
Momentum play — scale out at each target and trail your stop.
DOT to $1.50 this month or just a dead cat bounce? 📊
#DOT #Polkadot #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.