$DOT Liquidation Alert: $79.7K long position liquidated at $8.171!
Market Breakdown for $DOT
Liquidation Details: A $79.7K long was liquidated at $8.171, triggering intense sell pressure and creating volatility in the $DOT market.
Current Price Action: The liquidation drop opens up an opportunity for a potential rebound or further downside, depending on market strength.
Trading Plan for $DOT
Entry Point:
Consider entering near $8.150, where support may form after the liquidation-induced decline.
First Target:
$8.400 (short-term resistance zone).
Second Target: $8.600 (strong technical resistance level).
Stop Loss:
Set your stop at $8.000 to control risk if bearish momentum continues.
The $DOT liquidation creates a key trading opportunity—look to capitalize within the $8.150–$8.600 range with a disciplined approach!