$DOT

🚀 DOT/USDT Technical Analysis: Price at $7.904 – Polkadot on the Move! 🌐

The DOT/USDT pair is currently trading at $7.904, with recent price action indicating potential for a significant move. Let’s break down the key levels and trading opportunities:

🔑 Support: The immediate support is at $7.60, where buyers have consistently stepped in to defend the price. A dip to this level could provide a strong buying opportunity for bulls.

📈 Resistance: The key resistance sits at $8.10. A breakout above this zone could open the doors for a rally toward $8.50, driven by strong bullish momentum.

Entry Strategy:

Bullish Trade: Look for a breakout above $8.10 with high volume. Enter long with a target near $8.50 and place a stop-loss below $7.75 to manage risk.

Bearish Trade: If DOT fails to hold $7.60, consider shorting with a target near $7.30, keeping a close eye on volume for confirmation.

💡 Polkadot’s current setup is perfect for both breakout traders and dip buyers. Stay alert for decisive moves around these levels—DOT is gearing up for action!

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