DOT: Key Moment, Will It Accumulate at the Low or Further Explore the Bottom?

Market Analysis

DOT has been continuously adjusting recently, with market sentiment gradually becoming cautious, but there is potential for a technical rebound in the short term. Whether the low support is solid will be the focus of the bulls and bears' battle.

Support and Resistance Levels

• Support Levels: $7.20, $6.80, $6.40

• Resistance Levels: $8.00, $8.50, $9.00

Short-Term Trading Strategy

Long Strategy (Bullish):

• Entry Point: $7.20

• Add Position Point: $6.80

• Stop Loss Point: $6.30

• Take Profit Targets: $8.00, $8.50, $9.00

Short Strategy (Bearish):

• Entry Point: $8.00

• Add Position Point: $8.50

• Stop Loss Point: $9.10

• Take Profit Targets: $7.20, $6.80, $6.40

$DOT

My Prediction

The market may continue to adjust in the short term, prioritizing short strategies, waiting for prices to enter the support area before observing whether a rebound occurs.

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