$DOT: Currently in a short-term recovery phase but facing important resistance at the $7.05 - $7.08 range. There is still room for growth, but caution is needed due to the overbought region on the RSI.

1. Price Trend

1-Hour Frame (1H): The current price of DOT/USDT is at $6.965, the main trend is accumulation with a slight recovery from the support level of $6.792. Bollinger Bands are slightly widening, indicating an increase in volatility. RSI is at 64.87, an upward trend but not yet in the overbought region, still has room to rise.

15-Minute Frame (15M): The short-term upward trend is clearer, the price is approaching the upper band of the Bollinger Bands ($6.955), with increasing trading volume. RSI is at 78.42, signaling the overbought region, a slight correction may occur.

2. Entry Points

Buy Point (Long): Wait for the price to correct to the $6.89 - $6.91 range (the middle band of Bollinger Bands on the 1H frame) with confirmation signals such as a bullish candlestick pattern or RSI dropping to the 50-55 range.

Sell Point (Short): If the price touches the resistance area of $7.05 - $7.08 (the upper band of Bollinger Bands on the 1H frame) and shows a bearish reversal signal.

3. Take Profit Levels

Buy Order: Take profit at $7.05 - $7.08 (near resistance).

Sell Order: Take profit at $6.80 - $6.83 (near support).

4. Stop Loss

Buy Order: Stop loss below $6.78 (breaking the nearest support).

Sell Order: Stop loss above $7.10 (breaking strong resistance).

5. Overall Strategy

The current trend is a recovery within a narrow range. Prioritize trading in the direction of accumulation with entry points at support/resistance levels. If the price breaks the $7.08 level with high volume, a stronger upward trend may be confirmed.

Hashtags:

#DOT #DOTUSDT #TechnicalAnalysis #CryptoTrading #ResistanceSupport #BollingerBands #RSI