DOT Accelerates Decline, Opportunity or Risk?

What is Hidden Behind the Short-Term Pullback?

Short-Term Strategies for Navigation, Both Long and Short Positions Available!

Market Analysis

DOT has been continuously declining recently, and market sentiment is becoming pessimistic. From a technical perspective, bearish forces remain dominant, and the price is oscillating near significant support, which may lead to a sharp rebound or continued bottoming in the short term.

Support and Resistance Levels

• Support Levels: $6.50, $6.20, $5.90

• Resistance Levels: $6.90, $7.20, $7.50

Short-Term Trading Strategies

1. Long Strategy

• Entry Point: $6.50

• Add Position Point: $6.20

• Stop Loss Point: Slightly below $5.90

• Take Profit Targets: First Target $6.90, Second Target $7.20, Third Target $7.50

2. Short Strategy

• Entry Point: $6.90

• Add Position Point: $7.20

• Stop Loss Point: Slightly above $7.50

• Take Profit Targets: First Target $6.50, Second Target $6.20, Third Target $5.90

My Prediction

The current market is mainly bearish, leaning towards waiting to short at high levels, focusing on opportunities for downward breakthroughs.

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