$DOT

$DOT

/USDT – Layer 1 Bullish Continuation 🚀

Current Data:

Price: $8.91

24h High: $9.17

24h Low: $8.59

24h Change: +2.29%

24h Volume:

DOT: 11.25M

USDT: 99.43M

Technical Analysis 🔍:

Trend: Bullish continuation, with a solid 2.29% gain over the past 24 hours. Price is trending upwards with healthy momentum.

Support: $8.59 – Key level, acting as strong support.

Resistance: $9.17 – Recent high, potential breakout point.

Momentum: Bullish momentum remains intact, indicating a possible continuation toward higher levels.

Trade Strategy 🚀:

Entry Zone 📍:

Buy Zone: Consider entering near $8.90 - $8.95, especially after a pullback to support near $8.85.

Target Keys 🎯:

1. $9.20 – First resistance target, where partial profits could be taken or stop-loss adjusted.

2. $9.50 – Secondary target if the price maintains bullish momentum.

3. $9.80 – Extended target if the breakout from the current range continues.

Stop-Loss 🚨:

Conservative Stop-Loss: $8.55 – Just below the recent low to protect from significant downturns.

Aggressive Stop-Loss: $8.70 – Tighter stop for controlled risk in case of a short-term reversal.

Trade Setup ⚙️:

Confirmation Needed: A clear breakout above $9.17 would signal further bullish continuation, supported by increased volume.

Indicators to Watch:

MACD: Ensure the MACD line is above the signal line for bullish confirmation.

RSI: Look for RSI to stay above 50, confirming the momentum remains positive.

Volume: Increased volume on upward moves confirms the breakout potential.

Execution Plan 🎯:

1. Buy: Enter near $8.90 - $8.95 after a pullback or consolidation at support.

2. Take Profit:

First at $9.20

Second at $9.50

Extended target at $9.80 if the trend accelerates.

3. Stop-Loss: Set at $8.55 (for conservative) or $8.70 (for aggressive risk management).

Ride the bullish wave on DOT and target those gains! 🚀

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