DOT/USDT Market Analysis: Price Action, Support & Resistance, and Strategy

DOT is currently trading at $4.364, showing a +3.07% increase in the last 24 hours. However, the price is trending below the 60-period moving average of $4.378, indicating short-term bearish pressure. The 24-hour high of $4.483 presents a near-term resistance level, while the 24-hour low of $4.199 could act as support for the bulls.

For traders eyeing an entry, waiting for a break above the 60-period MA could confirm upward momentum. Alternatively, an entry near the support zone around $4.199 might offer a favorable risk-to-reward ratio. Keep an eye on volume; higher volumes could validate a trend reversal. Whether you're a short-term trader or a long-term investor, now is the time to plan smartly and capitalize on DOT's volatility!
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$DOT

📌14/08/2024

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🚨 Attention all crypto traders! 🚨 #Polkadot (DOT) is sending shockwaves through the market as its price takes a steep dive after hitting $11.9! 😱 Investors are gripping their seats as bearish candles dominate the charts, painting a grim picture for DOT holders. 📉💔

But fear not, brave hodlers! 💪 This rollercoaster ride may not be over just yet. While analysts warn of a potential drop below the critical support levels, the crypto market is known for its wild twists and turns. 🎢✨

As the price teeters on the edge of a potential downtrend channel, now is the time to keep a close watch and stay nimble. 🕵️‍♂️📊 After all, in the world of crypto, anything can happen! 😄🚀

What are your thoughts on DOT? Share your insights and let's navigate this turbulent journey together! 🛳️🔍 #CryptoCraze #DOTdive 🌊🔻

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$DOT

DOT / USTD
Time Frame: BIG
POSITION :  SHORT
LEVERAGE : 5X  _10X
ENTRIES: 7.212_7.267
7.215
7.070
6.924
6.778
6.632
6.487
6.341
6.195

🔷STOP LOSS : 7.775

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$DOT
DOT/ USDT
SIGNAL - $SHORT

ENTRY - 5.85$ - 5.75$

TARGET -

5.68, 5.60, 5.50, 5.40, 5.25

SL - 6.1$
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Coin: $DOT USDT Timeframe: 1DObservation: We might be expecting to see a double bottom in $DOTUSDT, around the price of $3.5 is the bottom, $5 is the neckline. A breakout from above of it would lead to $6 - $7. $DOT
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