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Polkadot: Expect a Rally if Exchange Supply Dries Up
I can't wait for the tweet that exchange-available DOT is drying up — that kind of signal usually precedes sharp price moves. I'm watching for lower exchange balances as a potential catalyst.
If on-chain data shows outflows from exchanges, reduced sell pressure could trigger a quick rally, but I remain cautious until the trend confirms.
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Analysis
Lower DOT balances on exchanges typically reduce immediate selling pressure and can coincide with price appreciation as demand outstrips liquid supply; however, timing and confirmation matter and shor...
Recommendation
Watch exchange balance and on-chain outflow metrics closely and wait for confirmation before initiating positions; consider setting alerts and using scaled entries or stop protection if taking exposur...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.