Recently I made a short-term analysis on DOT and the bear-flag patter it was trading in. If you waited patiently, you have been rewarded handsomely! Congratulations on the trade.
For now, I think that DOT will see more selling. Classic asset theory suggests to short the losers and long the winners, so shorting one of the weakest of the lot (DOT) might not be a bad idea at all.
I'm looking for the area between $3,60 and $3,00 as a potential bearish target.
For now, I think that DOT will see more selling. Classic asset theory suggests to short the losers and long the winners, so shorting one of the weakest of the lot (DOT) might not be a bad idea at all.
I'm looking for the area between $3,60 and $3,00 as a potential bearish target.
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