Polkadot (DOT) is a dominating cryptocurrency and many investors and traders are active in it. However, traders need to be extra vigilant as to me it seems to be in its accumulation phase. Just check below Support and Resistance lines and current trend which clearly seems it is trading on its sideways and trend reversal may soon happen if it does not continue to break its resistance price point (46 USDT) which has been tested multiple times but the crypto failed to break it out.
Source: https://www.binance.com/en/trade/DOT_USDT
Support price points S1, S2 & S3 are at levels 40, 34 & 26 USDT respectively and I guess SL should be 32 USDT from my point of view if any risks are to be taken for an upside breakout.
Please don't invest on my suggestions and take your own risks while trading. I just give the required information for my friends and the rest of the working should be done accordingly and traders should trade on their own risks as crypto is highly risky market.
