DOT/USDT – Market Analysis & Trade Setup
Current Price: $4.73
Last Analyzed: May 9 ($4.40)
Date: May 17
Structure: Falling Channel (Bullish Pattern)
Key Levels:
Resistance / Target: $5.20
Support: $4.20
Mid-Range (Current Price): $4.73 (No-trade zone)
Trade Setup:
Buy Setup (Safer Strategy):
Entry Zone: $4.20
Target: $5.20
Stop-Loss: Close below $4.00
Sell Strategy (For Active Traders):
Sell Zone 1: $4.73 (Partial take-profit or scalp short)
Sell Zone 2: $5.20 (Major resistance)
Stop-Loss for Short: Close above $5.30
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Final Summary:
DOT has completed a breakout to $5.20 and is now forming a bullish falling channel. It’s currently in the middle zone at $4.73, which is not an ideal entry. Safer buy entries lie near $4.20 support, with a clear upside to $5.20. Falling channels often trap emotional sellers — patient buyers can benefit from a better entry and structure breakout.