$DOT /USDT Long Setup
Timeframe: 1H
Scenario:
The price of DOT/USDT is showing potential for a bullish move. It is currently hovering near a supply and demand zone between $7.27 and $7.20. A possible rejection from this demand zone could indicate the beginning of a bullish impulse.
Entry:
Consider a long position if the price shows bullish rejection within the demand zone ($7.27-$7.20).
Target Levels:
TP1: $7.75
TP2: $7.80
TP3: Higher levels, depending on momentum.
Stop Loss:
Below $7.09 to minimize risk in case of further bearish pressure.
Analysis:
This setup relies on the strong demand zone and possible bullish divergence. Monitor volume and candlestick patterns for additional confirmation before entering. If price fails to reject this zone, this setup becomes invalid.
Disclaimer:
This is not financial advice. Please conduct your own analysis and manage your risk accordingly before entering any trade. The market is subject to volatility, and losses may occur.