December 4, 2024 (DOT) Trading Strategy

1. Market Analysis

The price of (DOT) is $10.01, with a daily high of $10.07 and a low of $9.36. Recently, the price of DOT has shown an upward trend, and market attention has increased.

2. Technical Analysis

• Support Levels:

• First Support Level: $9.50

• Second Support Level: $9.00

• Third Support Level: $8.50

• Resistance Levels:

• First Resistance Level: $10.50

• Second Resistance Level: $11.00

• Third Resistance Level: $11.50

The technical outlook shows that there is strong support around $9.50 for DOT. If it breaks through the resistance at $10.50, it may further rise.

3. Short-term Contract Strategy

• Long Strategy:

• Entry Point: $9.80

• Stop Loss: $9.50

• Take Profit: $10.50

• Short Strategy:

• Entry Point: $10.50

• Stop Loss: $10.80

• Take Profit: $9.80

Investors are advised to set strict stop losses and take profits based on market trends, avoiding chasing highs or bottom fishing.

If DOT breaks through $10.50, it may test $11.00 or higher in the short term; if it falls below $9.50, it may retrace to $9.00 or $8.50.

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