BearIsh DoT: Stuck In Down Trend

My Fellow Crypto Traders,
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Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.

Cheers & Happy Trading!


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ANALYSIS:

DOT has lost much of it's confidence since the Sept crash. From a micro point of view, until there is more news w/ PolkaSwap, project developments, or partnerships, DOT will remain w/ this bearish narrative. However, if we zoom out and take a macro point of view, DOT has entered an accumulation phase, due to the strong base of support that has been built @ the $3.71 region. Therefore, if you're bullish on DOT, this would be a great point of entry for a long term hold.