$DOT
š DOT/USDT Technical Analysis: Price at $7.904 ā Polkadot on the Move! š
The DOT/USDT pair is currently trading at $7.904, with recent price action indicating potential for a significant move. Letās break down the key levels and trading opportunities:
š Support: The immediate support is at $7.60, where buyers have consistently stepped in to defend the price. A dip to this level could provide a strong buying opportunity for bulls.
š Resistance: The key resistance sits at $8.10. A breakout above this zone could open the doors for a rally toward $8.50, driven by strong bullish momentum.
Entry Strategy:
Bullish Trade: Look for a breakout above $8.10 with high volume. Enter long with a target near $8.50 and place a stop-loss below $7.75 to manage risk.
Bearish Trade: If DOT fails to hold $7.60, consider shorting with a target near $7.30, keeping a close eye on volume for confirmation.
š” Polkadotās current setup is perfect for both breakout traders and dip buyers. Stay alert for decisive moves around these levelsāDOT is gearing up for action!
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