DOT has retraced into a multi-layered support zone that presents a high-probability long opportunity:
Golden Pocket: Price is reacting near the 0.618–0.786 Fib retracement from the latest impulse
200 EMA (Dynamic Support): Clearly acting as a trend defender and bounce area
Previous structure flip zone: Former resistance around $4.25 is now tested as potential support
Volume Profile: Strong participation and activity around the current zone
Current price is showing signs of buyer interest with long lower wicks and has yet to break below key EMAs or structural levels, keeping the bullish thesis valid.
Trade Plan:
Entry Zone: $4.25–$4.35
Stop Loss: Below $4.10 (structure + Fib zone invalidation)
Target 1: $4.66 (Fib 0.5 + local resistance)
Target 2: $4.95–5.05 (Fib 0.236 + prior high region)
RR Ratio: ~1:2+ depending on entry
A clean breakdown below $4.10 with strong bearish volume would invalidate the long setup and potentially signal deeper retracement.
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