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$DOT /USDT – Sharp Pullback, But Bulls Attempting a Reclaim! 🚨
DOT is trading at $3.771, down -4.99% after rejecting from the recent high of $3.982. However, the hourly chart shows early signs of stabilization as price bounces off the $3.689 support zone.
24H Snapshot:
High: $3.976
Low: $3.689
Volume: 4.81M DOT / $18.40M USDT
Technical Insight:
DOT dipped below all major moving averages but quickly found buyers around MA(99) support. A small bullish engulfing candle has formed, suggesting the selloff may be cooling. Watch for confirmation on reclaiming $3.82 for renewed momentum.
Trade Setup – Cautious Long Reversal Watch:
Entry Zone: $3.75 – $3.79
Target 1: $3.88
Target 2: $3.95
Final Target: $4.05
Stop Loss: $3.69
Why This Matters:
The bounce from a major low with oversold signals and confluence around MA(99) may present a reversal opportunity. Caution is advised due to recent volatility.
Pro Tip:
Wait for volume and candle confirmation above $3.82 before heavy entry. DOT reacts well to momentum-based swings.
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