Last Sunday after my post stating that I will continue to hold DOT, I cleared all my holdings to take 4068.28 USD profits first.
Shortly after I queued 500 DOT coins worth of order at $8.05, successfully scooping them up on 10 Dec 2024 before selling away 1 day later at a profit of 524.50 USD.
Currently I am queuing 500 DOT coins worth of orders each at $8, $7 and $6 respectively. Trump took over, by right crypto should soar, and it did somewhat. Bitcoin broke all time high, but alt coins are still weak despite showing a little more strength compared to months back. But politics are dirty, and there are instability everywhere again. From South Korea to Syria, geopolitical turmoil has stopped peace from settling in. Gold tempoarily went up to 2726, near the all time high again, before falling back down.
I believe DOT still have much potential, but in view of current circumstances, it may be better to take profits into the pocket first and do a staggered queue at lower prices. If I am correct, I will earn more. If I am wrong, at least I have about 4500 USD in the pockets. I ain’t doing any Wall Street Bets neither do I have diamond hands.
Hopefully I will be right. At least from the way things look, there is a good chance I may get the order in at $8.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
