DOT 12h The top is close, be careful

18 янв. 2021 г.

The aggressiveness of DOT buyers never ceases to amaze.
Now Polkadot has reached the 4th place in terms of capitalization: only Tether, ETH and BTC are higher.This is a serious claim.

If you review our previous DOTUSDT ideas, you can see that we expected strong growth.
But it will be true to admit that even though the price moves very technically from one liquidity zone to another, which are indicated on the chart. We didn’t think that growth will be so dynamic and rapid.

What do we have now.
The growth hit the estimated level of $18.80, which is important for our analysis.
And although now it looks that the coin is being bought back and they want to continue to grow, we will begin to seriously consider the long after the price fixes above $18.80.
Further growth is possible in the zone where the important levels are $21.90 and $25.

Though, it should be taken into account that the growth in the DOTUSDT pair from the parabolic shape is already turning into the final vertical spike.
And buying at the top is the most dangerous because a sharp fall down can reach -30-50% in a matter of days.

If the price starts to fall below $16.50, it is worth thinking carefully: is this long worth the risk and potential loss?, since the fall can only stop around $10 where liquidity accumulation was last seen
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