#DOT_UPDATE $BTC
Polkadot (DOT) | Swing Trade Signal
Pair: DOT/USDT (Binance)
Timeframe: Weekly/Daily
Technical Analysis:
DOT has formed a Triple/Double Bottom pattern on the Weekly Timeframe.
Price is near All-Time Low (ATL), indicating a strong buying opportunity.
Retail liquidity has been swept, meaning a potential pump could occur anytime.
CMP (Current Market Price) is ideal for a long position.
Trade Setup (Futures & Spot)
Entry: $3.75 (Average Price)
Stop Loss (SL): $3.50 (-6.67%)
Take Profit (TP):
TP1: $5.00 (+33.33%)
TP2: $8.00 (+113.33%)
Swing Targets (For Spot Holding)
Target 1: $20
Target 2: $40
Risk Management (Futures Trading)
Risk per trade: 1-2% of total capital
Leverage: Set leverage according to your account size.
(Avoid high leverage)
Risk-Reward Ratio (TP1): 1:5
Risk-Reward Ratio (TP2): 1:17
Trade Notes:
Spot traders can hold for long-term gains.
Futures traders must strictly