🚀 Technical Analysis: $DOT /USDT
Current Price: $7.470 (+2.72%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $7.55
A breakout above this level could signal bullish momentum and attract intraday traders.
2. Target 2 (Mid-Term Resistance): $7.65
Sustained buying pressure could push the price toward this mid-term resistance, making it a good zone for partial profit-taking.
3. Target 3 (Major Resistance): $7.80
A move above this psychological level could confirm a strong bullish trend and open the path for further upside.
🔻 Support Zones:
Immediate Support: $7.40
Holding this level is critical to maintain bullish sentiment in the short term.
Critical Support: $7.25
A breach below this level may invalidate the bullish setup and lead to further downside.
📈 Strategy:
Entry Zone: Consider entries near $7.40–$7.45 or after a breakout confirmation above $7.55.
Profit Zones: Secure profits at $7.55, $7.65, and $7.80.
Stop Loss: Place below $7.25 to minimize downside risks.
🔍 Insights:
Trend: Consolidating near key resistance with potential for breakout.
Volume Analysis: Increased trading volume could confirm momentum above $7.55.