$DOT

/USDT Technical Analysis and Strategy๐Ÿ’ฏ๐Ÿ“ˆ๐Ÿ“Š

Current Price: 8.383 USDT

24h Change: -6.03%

24h High: 8.958 USDT

24h Low: 8.136 USDT

Volume: 10.44M DOT / 88.96M USDT

Sector: Layer 1

Key Levels to Watch

Target 1: 8.40 USDT

A short-term resistance point, just above the current price. A breakout above 8.40 could signal a move toward higher levels.

Target 2: 8.70 USDT

If upward momentum continues, 8.70 could act as the next resistance before approaching the 24h high of 8.958.

Target 3: 9.00 USDT

A potential strong resistance level if the price pushes higher, with 9.00 serving as a key psychological barrier.

Entry and Stop

Entry: 8.383 USDT

Consider entering if price shows signs of recovery above 8.30 or a breakout above 8.40.

Stop Loss: 8.10 USDT

Place stop loss below 8.136 to protect against further downside if the price fails to hold above key support.

Pro Tip

With a solid volume of 88.96M USDT, pay attention to any spikes in buying activity, especially near key levels like 8.40 and 8.70. Look for RSI confirmation to gauge potential continuation or reversal signals.

Stay vigilant as DOT/USDT tests key resistance levels and manage risk effectively!

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