DOT/USDT Technical Analysis: Bearish Pressure ⚖️
DOT is currently trading at 8.36, down by 2.42%. The 24-hour high is 8.70, while the low is 7.59, indicating some recent volatility. Price action suggests potential bearish pressure near current levels.
Key Trading Levels
🔹 Long Signal:
Entry: Above 8.50
Take Profit Targets:
8.70
8.90
9.00
Stop Loss: 8.20
🔹 Short Signal:
Entry: Below 8.20
Take Profit Targets:
8.00
7.80
7.50
Stop Loss: 8.50
Depth Info
Order Book Depth: Resistance is near 8.49, while buying support lies at 8.00 and 8.16.
Trade Setup & Strategy
Bullish Scenario: If the price breaks above 8.50, a potential move towards 8.70 or higher could follow.
Bearish Scenario: A fall below 8.20 could lead to a deeper correction towards 8.00 or lower.
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