Coin Name: $DOT
Position: LONG
Entry Price: 4.362
On the 1-hour timeframe, DOT is forming a descending channel — a typically bullish continuation pattern. The price recently faced rejection at the upper trendline, while the RSI is currently holding in the supply zone.A potential long entry could be considered near the lower trendline, with proper risk management.
Special Note:
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If DOT breaks above the channel’s upper trendline and confirms with a retest, it may offer a strong long opportunity with a favorable 1:3 risk-to-reward ratio.
On the 4-hour timeframe, the "Others" chart has broken out of an inverse head and shoulders pattern and completed a textbook retest of the neckline. If it holds above the support level and begins to move higher, it could trigger a bullish wave across mid-cap and low-cap altcoins.
On the 4-hour timeframe, BTC.D has broken down from a rising wedge pattern — a typically bearish formation — and has completed a clean retest of the breakdown level. If BTC.D continues to decline, it could signal increased capital flow into ETH and other altcoins, potentially leading to a strong altcoin rally.
Leverage: 5X
Targets:
1st TP 4.530
2nd TP 4.650
3rd TP 5.000
4th TP 5.200
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$DOT