$DOT Trading Strategy Update

🔎 Key Insight:

A short liquidation of $58.637K at $7.808 shows that buyers are dominating. This strong buying pressure can trigger further upward movement, making it a great opportunity for bullish traders.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter between $7.790 - $7.820. This range provides a good entry point close to the liquidation price.

2️⃣ Target Levels:

Target 1: $7.900 (initial resistance)

Target 2: $8.050 (key psychological level)

Target 3 (Stretch Goal): $8.200

3️⃣ Stop Loss:

Set a stop loss at $7.700 to limit your downside risk.

💡 Strategy Insights:

Volume Confirmation: Check for increased buying volume around $7.808 to ensure momentum.

Risk Management: Keep your position size reasonable to protect against unexpected market shifts.

Market Trends: Monitor broader crypto trends and $DOT -related developments for alignment with your trade.

🚨 Pro Tips for Success:

Entry Timing: Wait for the price to stabilize or move upward within the buy zone before entering.

Secure Partial Profits: Take partial profits at $7.900 and $8.050, while holding a portion for the stretch target of $8.200.

Set Alerts: Use alerts for $7.820 and $7.900 to track price movement efficiently.

Execute your plan with discipline, stay patient, and let the market work in your favor. Success lies in consistency and risk management!

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