🚀guys Coin to Trade: Polkadot (Dot)
📈 Trading Plan:
Entry Price: $7.50 - $7.75
Target 1: $7.60
Target 2: $7.80
Target 3: $8.00
Stop Loss: $7.25
📊 Analysis Details:
1️⃣ Current Price: $7.75
2️⃣ Support Levels: Primary: $7.50, Secondary: $7.30
3️⃣ Resistance Levels: Primary: $7.40, Secondary: $7.60, Tertiary: $7.80, Final Resistance: $8.00
4️⃣ Trend Overview: DOT is consolidating near support at $7.50, showing signs of accumulation before a potential breakout.
5️⃣ RSI: 45, indicating neutral momentum with the possibility of a bullish reversal.
6️⃣ Volume Analysis: Positive volume emerging, supporting an upward trend.
7️⃣ MACD: Bullish crossover forming, suggesting increasing buying pressure.
💡 Recommendation:
Strategy: Enter between $7.50 - $7.75, targeting moves through each resistance level.
Watch: A break above $8.00 could push toward $8.50 and $8.75.
Caution: Exit if price dips below $7.25.