đ· DOT /USDT - Market Analysis (December 21, 2024 - 15m Timeframe)
Current Price: 7.423 USDT
24-Hour Change: +21.81%
24-Hour High: 7.802 USDT
24-Hour Low: 6.073 USDT
đ© Long / Short?
âą Long: DOT is experiencing strong upward momentum, with a significant daily percentage increase (+21.81%), and trading near the daily high.
â»ïž Leverage?
âą Leverage: 5x to 10x, depending on your risk tolerance and trading strategy.
đ Entry
âą Ideal Entry Price: 7.40 USDT
đŻ Target
âą Primary Target: 7.80 USDT (near the daily high)
âą Secondary Target: 8.00 USDT (if upward momentum continues)
Support & Resistance Levels
âą Support Levels:
âą 7.25 USDT
âą 7.10 USDT
âą Resistance Levels:
âą 7.80 USDT
âą 8.00 USDT
â Stop Loss (SL)
âą SL: 7.10 USDT (if price drops below this, the upward trend may be invalidated)
Market Sentiment
âą Long/Short Sentiment: 69.62% Long, 30.38% Short (dominance in long positions, indicating bullish sentiment)
Key Market Observations:
âą The price of DOT has recently been showing a strong upward trend with increased volume.
âą The price is above both the 7-period and 25-period moving averages, confirming the bullish momentum.
âą Volume on DOT has surged to 16.16M DOT with a total 24h volume of 113.86M USDT, showing strong buyer interest.
Suggested Strategy:
âą Long positions are favored, targeting 7.80 USDT and potentially 8.00 USDT if momentum continues.
âą Monitor for short pullbacks to 7.10-7.25 for possible re-entries if bullish trend resumes.