How are you guys, hope you are well. Alhamdulillah I am fine too. Friends, currently the crypto market is in a state, especially Bitcoin, which can go up and down suddenly at any time. Anyway, today I will talk to you about Polkadot or dot coin. Today we will try to understand where we can enter or where we can buy the coin. So let's begin -

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Polkadot is currently trading around $9.14. Where the upside movement can be observed at 3.8 percent. dotcoin is a good coin, because dotcoin's blockchain basically works by connecting two blockchains together. According to the potential of dotcoin, we can easily keep its target above 50 dollars. Dotcoin currently has a market cap of $13 billion, with a trading volume of over $1 billion in 24 hours. If we talk about supply of Dotcoin then we can see that its circulating supply is 1.5 billion and total also 1.5 billion dollar too and max supply is infinity. Which means its supply will enter the market from time to time.

As per the 4 hour trading view if we talk about the trend we can see that we are in an up trend here as each candle started at $7.5 and stopped at today's price. And if we look at the resistance it is moving in a straight line. Which is basically a bullish pattern. Here if we break out our resistance which is $9.5 then we can easily see a good recovery around $14. Because just a few days ago there was a situation between November 11th and 24th, and after that we saw a big uptrend. And so it can be kept coming, if it goes like this this time too then we can see a good recovery. However, the possibility of a correction is very unlikely for dotcoin now as it is supposed to go higher according to its trading chart. But if you see dotcoin around $8.5 then you can take a short entry targeting $10 to $11 for the short term.

Look out for another project coming up in the future, Dot2.0. As a result, we can see a good upswing here in the near future. Also as liquidity in alts coins is slowly increasing now we can see more recovery and strong uptrend in it.

Note, if for some reason you bought dotcoin at a higher price then I think the best place to do your DCA is at or around $8. I don't think DCA should be done if dot 8 pulse is not coming. In dot coin you can set the target for short term between 10 to 12 dollars and you can set the target for long term between 40 to 50 dollars. Also if you prefer to take risk then you can keep the target between 55 and 75 dollars. Since DotCoin is a large cap coin, it has a high chance of doing well in Bullrun, and since the large cap coin pump usually starts after Bitcoin's big pump, we can still have some confidence in it. Also when you are profitable in this coin if you take your profit in small amounts like sell 20 to 30 percent on your first target and sell another 20 to 30 percent on second target then you can be more profitable by investing.

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So guys that's all my discussion about dotcoin for today hope you like my discussion. Friends, I am not a professional trader, so before investing, you must analyze better by yourself. I am ending here wishing everyone good health.