DOT/USDT holding key support? Analysis Polkadot Today LONG
DOT/TETHERUS Binance
Paradisers, prepare for an exciting chance with #DOTUSDT as it stands firm at the critical support of $8.711. Holding steady at this level hints at a potential bullish trend, especially since the price has already tested liquidity below this point, reinforcing the bullish outlook.
Let's also ponder the scenario where DOT struggles to surpass its previous peak, suggesting a risk of breaking below the support. In such a case, we're eyeing a bullish bounce from a secondary support at $8.137.
Caution is advised: slipping below this secondary support could signal a shift towards a more pronounced bearish phase, marked by increasing sell-offs. Being alert and flexible is crucial as we navigate the evolving #POLKADOT market.
