If I were in your shoes, I’d LONG only after the $0.49 resistance breakout.
Yet, this will be an obvious sign to buy for everyone on the market. So, there might be a fake out of this level to trigger late LONG positions.
The best case — buy on spot or with X5 leverage (not higher) on the breakout of the $0.5 resistance.
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ByBit | OKX 👈🏻тык
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Historical support is $3.5. Literally free money level on Polkadot.
Overall, the project is old and not really on hype. It can still reach $10 during this season, but the trade is not very safe.
Holding $DOT right now is like holding $UNI or $FLOKI. It can pump hard, but it is completely unpredictable.