The Coin Circle Academician has been investing in the coin circle for more than a decade. In your eyes, it's about the profit of a hundredfold leverage, while I consider the risks of a bottomless abyss. The mindset determines the way out, and the perspective on the market determines whether you will take risks for profit, while I will let go of a deal for the sake of avoiding risks. The Coin Circle Academician team has carefully formulated a complete set of profit and break-even plans for you. When you join, we will think hard for you and escort every penny of your profit. Finally, I would like to remind everyone: strength is not for showing off, but for gaining more recognition. It's more important to do well on your own than to seek validation from others. Whether it's a mule or a horse, take it out for a walk and you'll know. I have been tirelessly advising in my position, hoping that you can take fewer detours and make fewer mistakes in this market. Even though I have earnestly advised, the road of investment still needs to be walked by yourself. Learning is endless, and only when you have gained experience is it your wealth!
The Coin Circle Academician wishes fans to achieve financial freedom in 2024. Keep it up!
Polkadot has been on a downtrend in the past few days, from the initial 11.95 to 8.85 before the article was written. The downside trend is relatively strong, and the weekly chart is expected to retest the EMA10 trend line support near 8.5. The daily K-line has continuously broken through the moving average support, currently standing above the EMA60. The MACD is decreasing in volume, and the opening of the DIF and DEA high-level downward diffusion indicates the weakness of the bulls. It may take some time for the bulls to gather strength in the short term after the KDJ downward diffusion. The Bollinger Bands are starting to contract, with the lower support point at 8.45 and the upper resistance level at 10.1.
The four-hour K-line has broken through the EMA trend indicator, with the MACD decreasing in volume and the KDJ being blocked near 8.45. The lower support point of the Bollinger Bands is at 8.55, and the overall trend is biased towards the downside.
In terms of mindset, it is advisable to make plans after stabilizing at the lower level. The first support point is at 8.65, the second support point is at 8.15, and the upper resistance level is at 9.0. Specific strategies are recommended to be based on real-time strategies. The article is published with a delay and is for reference only. Risk is self-borne.
This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, and others. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Risk is self-borne. Please indicate the source when reposting, control your position reasonably, and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are both in the details. Develop the habit of strictly setting stop-loss and take-profit for each deal. The Coin Circle Academician wishes you a pleasant investment!
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