20485208079/USDT – Bullish Confirmation! 💯🔥
Current Price: $7.378
Technical Outlook:
DOT/USDT has successfully broken a key resistance area near $7.135 (marked in purple), confirming the bullish momentum. The breakout is accompanied by strong price action, suggesting the possibility of additional upside.
Entry Area: Current price levels around $7.37–$7.40 present a good buying opportunity for traders looking for momentum.
Targets:
• First Target (T1): $7.87
• Second Target (T2): $8.00
Stop Loss: $7.13 (below the breakout area to manage risk).
Recommendation:
• Lock in partial profits near the first target at $7.87.
• Trail the stop loss above the entry price once the first target is achieved to minimize downside risk.
• Monitor the overall market conditions for sustained bullish activity.
Short-term and swing traders should focus on making quick profits, while long-term holders can take advantage of the breakout to make larger gains. Always make sure to manage your risk properly.