๐จ Spot Trade Alert: $DOT/USDT - Seize This Opportunity! ๐จ
$DOT is showing strong signs of upward movement as it tests the $9.55โ$9.65 range. A breakout above $9.90 could push the price to $10.50, with bullish momentum building.
๐ Key Levels to Monitor:
Entry Zone: $9.55โ$9.65
Resistance Levels (Targets):
Target 1: $9.90
Target 2: $10.20
Target 3: $10.50
Support Zone (Stop Loss): $9.40
๐ก Technical Insights:
$DOT is testing an important price range near $9.50โ$9.60, which has shown signs of support. If the price breaks through $9.90, expect more buying momentum to push it toward the next targets at $10.20 and $10.50.
๐ Liquidity and Volume:
The high trading volume around $9.60 indicates that this area could be a pivotal point for price action. A successful breakout here could lead to further upward movement.
โ๏ธ Risk Management:
Aim for a 2:1 risk-reward ratio.
Consider trailing stops if the price surpasses $10.20 to lock in gains while managing risk.
๐ Next Steps:
If youโre considering spot trading, this is the time to act near the entry zone! Keep an eye on the market for a potential breakout above key resistance!