$DOT Trading Strategy Update

🔎 Key Insight:

A long liquidation of $6.7808K at $7.595 reveals significant selling pressure.

This level could act as a pivot point, with the potential for further declines or a bounce if buyers regain control.

📉 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter between $7.550 - $7.600. This range allows you to capitalize on any recovery or reversal near the liquidation point.

2️⃣ Target Levels:

Target 1: $7.700 (initial resistance)

Target 2: $7.850 (key breakout level)

Target 3 (Stretch Goal): $8.000

3️⃣ Stop Loss:

Place a stop loss at $7.450 to limit your risk in case of further downward movement.

Strategy Insights:

Volume Confirmation: Look for increased buying volume near $7.595 to signal a potential recovery.

Risk Management: Adjust position size based on your risk tolerance and avoid over-leveraging.

Market Context: Monitor macro factors or $DOT-specific developments that could influence price trends.

🚨 Pro Tips for Success:

Confirm Momentum: Enter only if the price shows stability or upward movement in the buy zone.

Take Profits Gradually: Secure gains at $7.700 and $7.850 while holding a portion for $8.000.

Set Alerts: Use alerts for $7.600 and $7.700 to stay informed about key price levels.

Trade wisely and focus on maintaining discipline. Strong analysis and execution lead to consistent results!

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