Keeping in view the situation of the BTC and bearish cycle on macro-level, DOT is poised to fake out or fake impulse towards upside, which will trap the bulls and it will suddenly break down and take a dip. Rate hikes and inflation will have its effect on the BTC so as on the ALTS.
Areas to keep in my mind for shorting are 8.4 and 7.6. I
t might drop from the current price as well. More confirmation for short entries can only be taken on lower time frames if some one wants to take short positions.
Areas to keep in my mind for shorting are 8.4 and 7.6. I
t might drop from the current price as well. More confirmation for short entries can only be taken on lower time frames if some one wants to take short positions.