Current Update:

$DOT A short liquidation of $5.615K occurred at $7.595, indicating bullish momentum as shorts are being forced to close positions. This often signals a potential upward move as buyers regain control of the market.

What's Next for $DOT.

Here’s a comprehensive breakdown for the next steps in trading $DOT:

Buy Zone:

$7.00 - $7.20

Wait for a pullback to this range before entering a position. This zone provides strong support based on recent price action and demand zones.

Targets:

1. Target 1: $7.85

This is a short-term resistance level where some profit-taking could occur.

2. Target 2: $8.20

If momentum continues, $DOT may test this higher resistance zone.

3. Target 3: $8.50 (Extended Target)

In case of a breakout, the price could rally to this psychological level.

Stop Loss:

$6.85

Place your stop-loss below this level to limit risks in case the price reverses. It’s slightly below the current support range, providing a safety margin.

Technical Indicators Supporting Analysis:

1. Volume Spike:

Increased buying volume supports a potential continuation of the bullish trend.

2. RSI (Relative Strength Index):

If RSI remains below 70, it suggests room for upward movement without being overbought.

3. Moving Averages:

$DOT is trading above the 50-day EMA, which is a bullish signal.

Pro Tip:

Keep monitoring macroeconomic factors and BTC’s price movements, as they often influence altcoins like $DOT. Adjust targets and stop-loss levels dynamically based on market conditions.

Disclaimer:

This analysis is for educational purposes only. Always do your research and manage your risk carefully before making trades.

#DOT/USDT #BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve