$DOT /USDT Analysis: Price at 7.714 – Key Levels and Trade Setup
$DOT /USDT is currently trading at 7.714. Let’s break down the technical setup to identify key levels and potential trade opportunities.
📊 Trade Scenarios:
Bullish Scenario:
Entry: 7.750 (breakout above resistance)
Take Profit (TP 1): 8.000
Take Profit (TP 2): 8.200
Stop Loss (SL): 7.500
Bearish Scenario:
Entry: 7.500 (breakdown below support)
Take Profit (TP 1): 7.300
Take Profit (TP 2): 7.100
Stop Loss (SL): 7.800
📈 Key Resistance Levels:
7.750
8.000
📉 Key Support Levels:
7.500
7.300
📌 Market Insight:
The price of DOT at 7.714 is currently testing key resistance near 7.750. A breakout above this level could drive the price towards 8.000 and potentially 8.200. If the price fails to break higher and falls below 7.500, a retest of 7.300 could be in play, signaling potential further downside.
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