Why Polka Dot (DOTUSD) is a Strong Buy Right Now
Polka Dot (DOTUSD) is looking strong on the chart as it is forming a rounding bottom pattern. This pattern is a bullish indicator that signals a reversal of the downtrend. It also implies that the market is now attracting more buyers than sellers.
I have defined three potential targets for Polka Dot in the next few months. Right now, it is a perfect time to enter the market as the price is likely to rise.
If we look at the fear and greed index, most people are quite bearish and they have lost faith in the market. They believe that the market is still going down despite the fact that the worst has already happened last year, which was the Luna and FTX crash.
I have defined three potential targets for Polka Dot in the next few months. Right now, it is a perfect time to enter the market as the price is likely to rise.
If we look at the fear and greed index, most people are quite bearish and they have lost faith in the market. They believe that the market is still going down despite the fact that the worst has already happened last year, which was the Luna and FTX crash.
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all target hits respectively :)
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