šØ $DOT Breakout Alert ā Momentum Building! šØ
Polkadot ($DOT ) is showing impressive gains, currently trading at $10.057, up 10.57% in the last 4 hours. After reaching a 24-hour high of $10.390, DOT is consolidating near resistance, hinting at further upward movement or a pullback.
Key Levels to Watch:
Immediate Support: $9.491
Holding above this level is crucial to sustain bullish momentum. A breakdown could lead to a short-term correction.
Major Resistance: $10.390
A breakout above this level could ignite a strong rally toward higher targets.
Three Targets for Traders:
1. Target 1: $10.50 ā Immediate resistance for short-term profit-taking.
2. Target 2: $11.00 ā A key psychological level signaling sustained bullish momentum.
3. Target 3: $11.50 ā A significant milestone if the rally continues, confirming extended strength.
Trade Setup:
Long Entry: Above $10.390, targeting $10.50, $11.00, and $11.50.
Short Entry: Below $9.491, targeting $9.00 and $8.45.
Stop Loss: Place at $9.80 to manage risk effectively.
DOT is showing strong signs of a breakout. Keep an eye on these levels to capitalize on its next move!