牛市老币灯
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DOT price correction, is there still a second chance for an upward trend?
1. Market Analysis
Current DOT price is **$10.113**, with an intraday decline of 7.86%, reaching a high of **$11.233** and a low of **$10.011**. From the chart, the price has pulled back from the high of **$11.649**, and the short-term moving average (MA7) support is still valid, but breaking it will bring further correction pressure.
2. Support and Resistance Levels
• Support Levels:
• $10.000: Psychological support level, maintaining it will keep the possibility of sideways consolidation.
• $9.500: Key medium-term support area, losing it will lead to a larger retracement.
• $9.000: Strong support, attracting more buying interest.
• Resistance Levels:
• $10.500: Short-term rebound resistance.
• $11.200: 24-hour high, breaking through will give bulls a chance to test new highs.
• $11.600: Recent high point, challenging it requires strong bullish support.
3. Short-term Trading Strategies
• Long Strategy:
• Entry point: $10.000 (entering at key support)
• Add position: $9.500 (strong support can add position)
• Stop loss: $9.200
• Take profit: $10.500 (first target), $11.200 (second target)
• Short Strategy:
• Entry point: $10.500 (entering short due to weak rebound)
• Add position: $11.200 (can add position if resistance test fails)
• Stop loss: $11.600
• Take profit: $10.000 (first target), $9.500 (second target)
If DOT can hold the $10.000 support, a rebound may occur in the short term, testing the high points of $11.200 or even $11.600 again. However, if the support is lost, attention should be paid to the strength of support in the $9.500 area to guard against further declines.
【Bringing you the latest market trends and insights every day. Brothers often ask me what to do if trading fees are too high; you can register on Binance using my referral code for fee discounts. Referral code: Q9TB8ODZ. Wishing my brothers and sisters a bountiful profit!】$DOT
1. Market Analysis
Current DOT price is **$10.113**, with an intraday decline of 7.86%, reaching a high of **$11.233** and a low of **$10.011**. From the chart, the price has pulled back from the high of **$11.649**, and the short-term moving average (MA7) support is still valid, but breaking it will bring further correction pressure.
2. Support and Resistance Levels
• Support Levels:
• $10.000: Psychological support level, maintaining it will keep the possibility of sideways consolidation.
• $9.500: Key medium-term support area, losing it will lead to a larger retracement.
• $9.000: Strong support, attracting more buying interest.
• Resistance Levels:
• $10.500: Short-term rebound resistance.
• $11.200: 24-hour high, breaking through will give bulls a chance to test new highs.
• $11.600: Recent high point, challenging it requires strong bullish support.
3. Short-term Trading Strategies
• Long Strategy:
• Entry point: $10.000 (entering at key support)
• Add position: $9.500 (strong support can add position)
• Stop loss: $9.200
• Take profit: $10.500 (first target), $11.200 (second target)
• Short Strategy:
• Entry point: $10.500 (entering short due to weak rebound)
• Add position: $11.200 (can add position if resistance test fails)
• Stop loss: $11.600
• Take profit: $10.000 (first target), $9.500 (second target)
If DOT can hold the $10.000 support, a rebound may occur in the short term, testing the high points of $11.200 or even $11.600 again. However, if the support is lost, attention should be paid to the strength of support in the $9.500 area to guard against further declines.
【Bringing you the latest market trends and insights every day. Brothers often ask me what to do if trading fees are too high; you can register on Binance using my referral code for fee discounts. Referral code: Q9TB8ODZ. Wishing my brothers and sisters a bountiful profit!】$DOT
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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