Polkadota has an interesting price structure that has starting to develop since August 2022.

It has a megaphone structure (expanding triangle pattern) which usually very volatile in nature.

This type of structure usually ends in trend continuation and we can see the DOTUSD came from a nasty down trend and probable re-occurrence once its latest local bear pennant PoD (point of decision) arrives.

I will put a short order once price starts to break-down outside the pennant and take some profit at the next lower low chance of its wide megaphone structure. Sell stop once price gets back inside the pennant range then that's being bullish?

DOTUSD Latest Bear Pennant Part of its 4H Megaphone Structure

Sep 17 2022

Take Profit +7.68%

Holding time 3d0hr

6.498

Entry price

5.999

Take profit price

1