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Based on the chart provided, here’s a more detailed technical analysis and recommendations for trading DOT/USDT:
Current Trend
1. **Short-term Bearish**: The price is trending down after hitting a recent high of $11.649, with a bearish candle formation and a 7% drop. This suggests selling pressure.
2. **Support Levels**:
- Immediate support around **$9.60** (current price zone).
- Stronger support near **$8.25-$8.50** (aligned with MA 25).
3. **Resistance Levels**:
- Immediate resistance around **$10.28** (MA 7).
- Next resistance at **$11.00-$11.50** (recent high).
Indicators
1. **Moving Averages**:
- **MA 7** is above the current price, acting as short-term resistance.
- **MA 25** suggests medium-term support near $8.25.
2. **MACD**:
- The MACD line has crossed below the signal line, indicating a bearish momentum. However, this could reverse if the price stabilizes.
3. **Volume**:
- Declining volume on the drop suggests sellers may be losing strength. Watch for a volume spike for confirmation of trend reversal.
Potential Entry Points
1. **Conservative Entry**:
- Wait for confirmation of support at **$9.60** with a bullish reversal pattern (e.g., hammer candlestick or bullish engulfing).
- Confirm with increased buying volume.
2. **Aggressive Entry**:
- Enter now if confident in a bounce off $9.60 but set a **tight stop-loss** below $9.50 to limit downside risk.
3. **Breakout Entry**:
- If price moves above **$10.30 (MA 7)** with strong volume, consider entering for a short-term target of $11.00-$11.50.
Stop-Loss and Take-Profit Strategy
- **Stop-Loss**:
- Conservative: Below $9.50.
- Aggressive: Below $8.25 (next major support).
- **Take-Profit**:
- First target: $10.30 (short-term resistance).
- Second target: $11.50 (recent high).
Risk Management
- Avoid over-leveraging as the market shows volatility.
- Stick to a **1:2 risk-to-reward ratio** for better profitability.