🚨$DOT /USDT Chart Analysis🚨

📊The $DOT /USDT pair is currently trading at $8.315, showing a slight downward trend (-0.28%) over the past 24 hours. The 24-hour trading volume stands at $11.58M for DOT and $95.92M for USDT.

🔑Key Observations:

📉 Short-Term Trend: The 5-minute chart reveals a bearish bias, with the price consolidating below the 100-day moving average.

📈 Long-Term Trend: The 1-year chart shows a strong bullish trend, with the price recovering from the recent dip and retesting the $103 resistance level.

Trading Strategy:

Long Position:

🚀 Entry: $101.50

🛑 Stop Loss: $99.00

🎯 Target: $103.00

Short Position:

🚀 Entry: $102.50

🛑 Stop Loss: $103.50

🎯 Target: $100.00

Overall Outlook:

While the short-term trend is bearish, the long-term outlook remains bullish. Traders should monitor the price action around the $100-$103 resistance zone for potential entry and exit signals. A break above $103 could signal a continuation of the uptrend, while a break below $100 could trigger a further decline.

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