Polkadot is formign a bearish structure on the 4h chart, with what could even be a double top.
LONG:
If we hold the green zone I'll be looking to enter when we have a bullish structure (higher high and low) with a safe target around $60
SHORT:
If we break .382 FIB, the support zone and the 200EMA, I'll look for a retest of the .382 level for a sharp move down. Not too big of a target as the overall market sentiment remains bullish and the trend is your friend.
What do you believe is about to happen?
LONG:
If we hold the green zone I'll be looking to enter when we have a bullish structure (higher high and low) with a safe target around $60
SHORT:
If we break .382 FIB, the support zone and the 200EMA, I'll look for a retest of the .382 level for a sharp move down. Not too big of a target as the overall market sentiment remains bullish and the trend is your friend.
What do you believe is about to happen?
