🚀 $DOT/USDT SOARS TO NEW HEIGHTS! WILL IT PULLBACK OR CONTINUE TO RISE?🚀

Polkadot (DOT) is experiencing a significant bullish momentum, with the price currently at $10.312, up by 13.94% in the last 24 hours. This surge is a clear indication of strong buying interest and potential for further gains.

📈 Trade Scenarios

1. Bullish Scenario: If the price continues to rise, it could reach the next resistance level around $11.50. Traders can consider entering a long position at the current price of $10.311 with a target price (TP) of $11.50. A stop loss (SL) can be placed just below the recent support level at $9.50 to manage risk.

- 🎯 TP: $11.50

- 🔒 SL: $9.50

2. Bearish Scenario: If the price fails to sustain above $10.00 and reverses, it could retest the support level around $9.50. Traders can consider entering a short position if the price drops below $10.00 with a target price (TP) of $9.50. A stop loss (SL) can be placed above the recent high at $10.50 to manage risk.

- 🎯 TP: $9.50

- 🔒 SL: $10.50

🔍 Market Outlook

The overall market sentiment for DOT/USDT remains bullish, with strong buying pressure pushing the price higher. However, traders should remain cautious and watch for any signs of reversal or consolidation. Keeping an eye on key support and resistance levels will be crucial for making informed trading decisions.

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