$DOT /USDT Price Action: Key Levels to Monitor
$DOT /USDT is trading at $8.961, showing signs of a pullback after reaching a session high of $9.20. Bulls are attempting to hold above critical support as momentum builds for a potential reversal.
Technical Analysis:
Support Zone: $8.80 ā $8.90
Immediate Resistance: $9.10
Key Resistance: $9.20
Price action suggests a higher low formation, indicating possible bullish continuation if buyers step in at current levels.
Trading Signal:
Entry Zone: $8.90 - $9.00
Targets:
1. Target 1: $9.10
2. Target 2: $9.20
3. Target 3: $9.30
Stop Loss: Below $8.80
Market Insights:
DOT/USDT has gained 78.25% over the last 30 days and 112.20% in the past 90 days, highlighting its strong uptrend.
A break above $9.10 would confirm bullish momentum and set DOT up for a test of the key resistance at $9.30.
Risk Management Tip: Place stop losses below support zones to minimize downside risk and take profits incrementally at target levels.
