$DOT Technical Update Let's see How much will it work my analysis is given below 👇🏻 Also share your experience 😉
Polkadot (DOT) is trading at $7.453 (-0.84%) within a well-defined channel. The price action shows potential for a breakout as it consolidates near the lower support zone.
Key Levels:
Support: $7.44
Resistance: $7.87
Channel Range: $7.35 - $7.87
Strategy:
Long Opportunity:
Entry: Above $7.50
Target 1: $7.87
Target 2: $8.20
Stop Loss: Below $7.35
Short Opportunity:
Entry: Below $7.35
Target 1: $7.20
Target 2: $7.00
Stop Loss: Above $7.50
📈 Monitor for a breakout or breakdown with volume confirmation for stronger signals. Stay cautious with risk management.