DOT/USD Weekly Outlook – Educational Perspective
Polkadot (DOT) is trading near the lower boundary of a long-term falling wedge structure, showing early signs of stabilization around the $4.20 support zone. Price has respected this level multiple times, potentially forming a rounded bottom, which often suggests shifting momentum.
If the structure holds, it may continue developing a macro reversal pattern. This kind of formation is typically monitored by swing traders looking for high risk-reward setups in longer timeframes.
Key Technical Levels to Watch:
$8.00 – Mid-range structural resistance
$11.90 – Historical supply / macro pivot zone
This chart is shared for educational purposes only to support market structure learning. Always follow your own analysis and risk management plan.
Wave Trader Pro
Learn & Earn
Polkadot (DOT) is trading near the lower boundary of a long-term falling wedge structure, showing early signs of stabilization around the $4.20 support zone. Price has respected this level multiple times, potentially forming a rounded bottom, which often suggests shifting momentum.
If the structure holds, it may continue developing a macro reversal pattern. This kind of formation is typically monitored by swing traders looking for high risk-reward setups in longer timeframes.
Key Technical Levels to Watch:
$8.00 – Mid-range structural resistance
$11.90 – Historical supply / macro pivot zone
This chart is shared for educational purposes only to support market structure learning. Always follow your own analysis and risk management plan.
Wave Trader Pro
Learn & Earn
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.