dot should improve its ecosystem. After spending so much time on infrastructure construction, it’s time to change the focus.

Intense Battle Between Bulls and Bears: Can DOT Welcome a Rebound Opportunity?

Market Analysis
Current market sentiment is slightly cautious. After a wave of adjustment, the DOT price has started to fluctuate at a low level. Bulls are trying to find support, while bears are waiting to suppress prices at high levels. In the short term, the market may maintain a back-and-forth struggle within a range. For investors, this is a critical period to observe the trends of bulls and bears.

Support and Resistance Levels
Support Levels: 8.77, 8.50, 8.30
Resistance Levels: 9.40, 9.60, 9.80

Short-term Trading Strategy
• Bullish Strategy:
• Entry Level: Lightly enter long around 8.77
• Add Position Level: 8.50
• Stop Loss Level: 8.23
• Take Profit Targets: 9.40, 9.60, 9.80
• Position Suggestion: Initial entry accounts for 30%, additional entry accounts for 20%
• Bearish Strategy:
• Entry Level: Lightly enter short around 9.40
• Add Position Level: 9.60
• Stop Loss Level: 9.87
• Take Profit Targets: 8.77, 8.50, 8.30
• Position Suggestion: Initial entry accounts for 30%, additional entry accounts for 20%
$DOT


My Prediction
From the current trend, the bullish force near the key support level is gradually accumulating. The market is more likely to break through the resistance range upwards, and it is recommended to primarily take long positions.

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