🎯 $DOT /USDT – Breakout Confirmed or Blowoff Incoming? 🔥
#Polkadot ($DOT) just surged +6.05%, pushing through key resistance. RSI is overheated, but momentum is undeniable. Is this the start of a run?
📊 Market Overview
📍 Current Price: ~$4.85
📈 24h High: $4.877
❄️ 24h Low: $4.524
🔄 24h Vol (DOT): 5.45M
💵 24h Vol (USDT): $25.62M
📉 Moving Averages
MA(7): $4.726
MA(25): $4.684
MA(99): $4.642
Volume MA(5): 305.88K
Volume MA(10): 269.91K
RSI(6): 84.84 🚨 (extreme overbought)
📈 DOT Trade Setup – Momentum Play or Fakeout?
🔹 Bullish Scenario
Entry: $4.86
Targets: $4.96, $5.07, $5.23
Stop-Loss: $4.72
🔹 Bearish Scenario
Entry: $4.83
Targets: $4.68, $4.52, $4.38
Stop-Loss: $4.92
📊 Momentum Snapshot
✅ Price above all key MAs = trend support
⚠️ RSI (84.8) = extreme overbought risk
📈 Volume trending upward = move backed by participation
🧠 Caution or Conviction?
DOT is showing real strength, but RSI suggests it’s overheated. Smart play here is tight stops if you're long — or watch for signs of a short-term reversal for a fade.
📢 Watching DOT? Scalping or swinging?
