$DOT $DOT
š DOT/USD Technical Analysis: Bullish Breakout Ahead? š
Current Price: $8.784
DOT/USD is showing promising signs of bullish momentum as it hovers around $8.784. The support at $8.50 has held strong, with buyers stepping in to prevent further declines. If the price retraces towards this level, it could present an excellent buying opportunity for those looking to capitalize on potential gains.
On the flip side, the resistance at $9.00 is a crucial level to monitor. A breakout above this price could lead to an acceleration toward the next target around $9.50, marking a strong continuation of the upward trend.
Entry Strategy: Consider entering at $8.50 if the price dips to this level, with a stop-loss placed below $8.30 to manage risk. A break above $9.00 could also trigger a fresh buying signal, targeting $9.50 or higher for aggressive traders.
With strong support and a well-defined resistance level, DOT/USD appears to be gearing up for a breakout. Keep an eye on these key levels for the next move! šš„
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