DOT's Choice: Low Support or Continued Bottoming?
Bullish endurance is bottoming out, reversal signals hide mysteries!
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Market Analysis:
DOT is currently in a consolidation phase after a continuous decline, with occasional rebounds in low-level fluctuations, indicating that market funds are gradually testing the bottom. Bullish sentiment is weak, and bears still dominate, with short-term likely seeking direction in the support area.
Support and Resistance Levels:
• Support Level: 6.550, 6.400, 6.200
• Resistance Level: 6.950, 7.100, 7.300
Short-term Trading Strategy:
Going Long:
• Entry Point: 6.660
• Add Position Point: 6.500
• Stop Loss Point: 6.180
• Take Profit Targets: First Target 6.950; Second Target 7.100; Third Target 7.300
Going Short:
• Entry Point: 6.950
• Add Position Point: 7.100
• Stop Loss Point: 7.350
• Take Profit Targets: First Target 6.550; Second Target 6.400; Third Target 6.200
My Prediction:
In the short term, DOT is likely to test a rebound near the support level, with a strategy focused on going long, while paying attention to position control.
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