Polkadot [DOT] traders can use THIS strategy to navigate DOT’s downturn

Quick Summary:

Polkadot’s [DOT] recent price movements revealed a steep bearish trend.

However, the Binance and OKX long/short ratios were significantly bullish, with Binance at 4.7013 and OKX at 3.58 – A sign that traders on these platforms may be hopeful about a recovery.

Resistance: The first resistance level to watch was at $3.9, followed by the 20-day EMA at $4.05 and the 50-day EMA at $4.22.

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Article Details

Author / Journalist: Yash Majithia

Category: Crypto

Markets: United States

Topics: News Altcoin Trading View Analysis Social News 1 Polkadot

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 10:00:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23445263

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 26 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

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