$DOT USDT Chart Analysis šÆš„š„
Observations:
$DOT is forming a falling wedge pattern, similar to the setup that recently led to a bullish breakout in $ENA. Price is nearing the upper resistance of the wedge, signaling a potential breakout opportunity.
šÆ Key Levels:
ā¢ Entry Zone: $8.85 - $8.95 (on breakout confirmation)
ā¢ Stop Loss: Below $8.70 (to manage risk)
ā¢ Target Levels: $9.20 - $9.40 (initial targets), with potential to hit $9.60 if the breakout sustains
š Strategy:
ā¢ Wait for a strong candle close above the wedge resistance (~$8.95)
ā¢ Confirm breakout with supporting volume
ā¢ Secure partial profits at target levels and trail stop loss to maximize gains
š This setup is valid for both spot and futures trades.
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