So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
You can invest in DOT and use the DCA strategy to buy at a wide range of low prices. But you have to remember that the DOT price follows the BTC price movement so if you want to buy DOT, make sure to buy it when the DOT price is decreasing. If you wait until the breakout, I think you might be late to buy it because the situation has changed. Maybe my advice is to buy it when the BTC price is correcting because there is a possibility that the DOT price will also decrease and sometimes the price can drop drastically.