$DOT

đŸ”· 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

đŸŸ© Long / Short?

‱ Long: DOT is experiencing strong upward momentum, with a significant daily percentage increase (+21.81%), and trading near the daily high.

♻ Leverage?

‱ Leverage: 5x to 10x, depending on your risk tolerance and trading strategy.

👉 Entry

‱ Ideal Entry Price: 7.40 USDT

🎯 Target

‱ Primary Target: 7.80 USDT (near the daily high)

‱ Secondary Target: 8.00 USDT (if upward momentum continues)

Support & Resistance Levels

‱ Support Levels:

‱ 7.25 USDT

‱ 7.10 USDT

‱ Resistance Levels:

‱ 7.80 USDT

‱ 8.00 USDT

❌ Stop Loss (SL)

‱ SL: 7.10 USDT (if price drops below this, the upward trend may be invalidated)

Market Sentiment

‱ Long/Short Sentiment: 69.62% Long, 30.38% Short (dominance in long positions, indicating bullish sentiment)

Key Market Observations:

‱ The price of DOT has recently been showing a strong upward trend with increased volume.

‱ The price is above both the 7-period and 25-period moving averages, confirming the bullish momentum.

‱ Volume on DOT has surged to 16.16M DOT with a total 24h volume of 113.86M USDT, showing strong buyer interest.

Suggested Strategy:

‱ Long positions are favored, targeting 7.80 USDT and potentially 8.00 USDT if momentum continues.

‱ Monitor for short pullbacks to 7.10-7.25 for possible re-entries if bullish trend resumes.