$DOT : Long Liquidation Signals Key Levels to Watch!

$12.303K in longs liquidated at $7.62, showing increased selling pressure.

Polkadot ($DOT ) is approaching a critical zone, where a rebound or further decline could occur. Let’s break it down.

Key Levels to Watch

Support Zone: $7.50 - $7.60 (must hold for recovery).

Resistance Zone: $7.80 - $8.00 (key breakout level).

Potential Targets After Recovery:

1. $8.20 (short-term).

2. $8.75 (medium-term).

3. $9.50 (long-term).

Trading Plan for $DOT

Buy Zone

Dip Entry: $7.50 - $7.60 (if support holds).

Breakout Entry: Add positions above $7.80 with strong confirmation.

Targets

1. Target 1: $8.20

2. Target 2: $8.75

3. Target 3: $9.50

Stop Loss

Stop Loss Level: $7.40 (below support to limit risk).

What’s Next?

1. Bullish Scenario:

If DOT stabilizes above $7.60 and breaks $7.80, expect a rally toward $8.20 and beyond.

2. Bearish Scenario:

A drop below $7.40 may lead to further downside—avoid positions below this level.

💡 Tips:

Wait for Confirmation: Avoid impulsive entries; confirm support or breakout first.

Risk Management: Stick to your stop loss and position sizing.

DOT is at a pivotal moment—Stay focused for the next opportunity! 🎯

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