$DOT 🦅

📊 DOT/USDT Technical Analysis |#Binance

🚨 Current Price: $6.78 (-8.20%)

🔝 24h High: $7.39 | 🔻 24h Low: $6.71

Personal Opinion🦅

I'm cautiously optimistic that $DOT may see some positive movement, but watch for a solid breakout before taking action. If $6.71 holds, the bounce back to $7.39 is likely.

Market Overview:

$DOT is currently in a downtrend, with price action testing support near $6.71. The recent drop has been significant, suggesting market indecision and some bearish pressure. However, the price is holding near critical support, indicating the possibility of a reversal.

Trade Strategy📢

Long Entry: Consider entering at $6.85 if price breaks above recent resistance.

Target: $7.39 (24h High)

Stop Loss: Place it at $6.65 for protection in case the downtrend continues.

Market Outlook

While short-term pressure is bearish, the potential for a bullish move remains if support holds. Watch for a break above resistance as a signal for a possible upward trend.

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