$DOT

/USDT Technical Analysis and Trade Signal

Trend Overview:

Momentum: Bullish (+3.09% increase in 24h)

Support Level: $7.10

Resistance Level: $7.55

Indicators:

1. RSI: Approaching overbought zone (>70); momentum is strong but watch for corrections.

2. Moving Averages: Price is trading above the 50 EMA, signaling a short-term uptrend.

3. MACD: Bullish crossover confirms upward momentum.

Trade Signal:

Entry Point: $7.50 (with confirmation of upward breakout)

Stop-Loss: $7.10

Targets 🎯:

1. Target 1: $7.65 (Short-term resistance)

2. Target 2: $7.80 (Moderate risk)

3. Target 3: $8.00 (Aggressive/extended target)

Trade Momentum:

Strong upward movement supported by volume and breakout signals. High trading volume (~42.88M USDT) reinforces momentum.

Advice: Monitor the price closely for a breakout above $7.55 and adjust your targets if momentum shifts.

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