$DOT /USDT on the 5-minute timeframe from TradingView.
🔍 Quick Breakdown of Key Price Levels:
Current/Recent Price: ~$5.23
Recent Low: ~$4.82
Recent High: ~$5.40
Support Zone: $4.90–$5.03
Resistance Zone: $5.30–$5.40
🧠 Price Context:
On the 5-minute chart, this looks like DOT:
Had a bounce from the $4.82–$4.93 area (possibly a short-term bottom).
Is facing resistance near the $5.30–$5.40 level.
Might be forming a bullish flag/pennant or ascending triangle, depending on the most recent candles.
📈 Possible Short-Term Trade Idea (Intraday):
Bullish Bias if price holds above $5.10 and breaks $5.30:
Entry: On breakout above $5.30 with volume.
TP1: $5.40
TP2: $5.50
SL: Below $5.10
Bearish Bias if price breaks back below $5.03:
Entry: On breakdown with volume.
TP1: $4.93
TP2: $4.82
SL: Above $5.10
Let me know if you want a visual chart or alerts/trading strategy built for DOT/USDT on a particular timeframe.
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