$DOT

/USDT Technical Analysis & Trade Signal🚀🎯

Current Price: $7.62

Trend Momentum: Bullish, but approaching resistance levels.

The price is trading near the upper Bollinger Band and SAR resistance, signaling strong upward momentum, but profit-taking or corrections could occur near key resistance areas.

Technical Levels

Bollinger Bands: Price near $7.775 (Upper Band).

SAR: Resistance around $7.787.

Key Supports:

$7.59 (Bollinger Middle Band).

$7.41 (Bollinger Lower Band).

Trade Setup

Buy Zone:

Look for entries $7.50 - $7.62.

A breakout above $7.79 confirms further upside.

Stop Loss:

$7.38 (below Bollinger Lower Band).

Targets 🎯

1. Target 1: $7.85 (Short-term resistance; SAR confirmation).

2. Target 2: $8.00 (Psychological level).

3. Target 3: $8.25 (Extended target if momentum remains strong).

Trade Momentum

1. Bullish: Current strong price action above the Bollinger middle band and approaching the upper band. Watch for a SAR breakout at $7.787 to confirm sustained bullish momentum.

2. Volume Surge: High 24-hour trading volume supports bullish sentiment but suggests caution near resistance levels.

Risk Management:

If the price breaks below $7.40, the trend may shift to bearish or sideways, invalidating the bullish setup.

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