Update on $DOT Analysis

Yesterday, I shared my thoughts and opinions on $DOT, and now let's take a closer look at the current chart.

It appears that we have successfully broken the resistance of the ongoing downtrend, which is a positive sign.

As mentioned in my previous analysis, we should now wait for the price to make a pullback and retest the resistance level to confirm that it is a reliable entry point for a long position.

On the other hand, if this breakout turns out to be a false move, we will need to wait for the support level at $6.5 to be broken before considering any further actions.

Remember to carefully evaluate the market conditions and consider risk management strategies when making trading decisions.

If you have any further questions or need assistance with any other topic, feel free to ask!

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