Polkadot Looks Overheated — Wait for a Pullback
I think Polkadot looks overheated after the recent rally and market sentiment feels stretched. Price action suggests momentum is high but fragile.
I would avoid opening new long positions at these levels and prefer to wait for a meaningful pullback or consolidation. If I'm already long, I would trim into strength and tighten stops to protect gains.
I'll watch on-chain activity, volume, and key resistance/support levels; a confirmed re-test of support would be my preferred entry signal.
Analysis
Recommendation
Wait to buy; avoid initiating new long positions now. Consider trimming existing positions on strength, use tighter stops, and look for a clear pullback or re-test of support as a safer entry.
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.