Polkadot Bear Exhaustion (Bullish setup)
I see bear exhaustion on Dot's 4h chart and expect the current zone to be a great setup for a long position.
The price was squeezing downward until the short-sellers were unable to put another low below 26.3.
This level was also a previous downward-sloping resistance which is acting as support, considering the current candle-stick formation.
Cheers to a volatile 2022! 🥂
The price was squeezing downward until the short-sellers were unable to put another low below 26.3.
This level was also a previous downward-sloping resistance which is acting as support, considering the current candle-stick formation.
Cheers to a volatile 2022! 🥂
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