We have a great opportunity for short term trades for Polkadot with very minimal risk. We have both a buy setup and sell setup.
Buy Setup:
- Watch for a break of the red descending trendline
- Enter with stops below the recent rejection
- Target the -0.618 fibonacci
Sell Setup:
- When we get to the -0.618 level, watch for rejection
- Enter on rejection with stops above the highs
- Targets: 23, 16, 10
Let us know what you think. Goodluck!
Buy Setup:
- Watch for a break of the red descending trendline
- Enter with stops below the recent rejection
- Target the -0.618 fibonacci
Sell Setup:
- When we get to the -0.618 level, watch for rejection
- Enter on rejection with stops above the highs
- Targets: 23, 16, 10
Let us know what you think. Goodluck!
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