🚀$DOT Bulls Reclaim Control – Breakout Brewing? 🔍
🪙 Token: Polkadot (DOT/USDT)
📊 Timeframes: 1H & 4H
📈 Sentiment: Bullish Momentum Building
🔎 Chart Insights & Technical Breakdown:
📍 4H Chart Observations:📊
$DOT just broke above the 20 EMA, reclaiming short-term strength.
50 EMA is getting tested, indicating a possible trend reversal confirmation if sustained.
MACD shows a bullish crossover, with histograms printing strong green bars – signaling momentum is building.
RSI at 56.78 is rising steadily – not overbought yet, giving room for upside.
📍 1H Chart Confirmation:📊
Price held the $4.00 support well and created higher lows, forming a small ascending triangle breakout.
RSI at 64.52 and a strong MACD alignment back the short-term bullish thesis.
MA/EMA cross is intact with price trading confidently above both indicators.
✅ Bullish Trade Plan:
🎯 Entry: $4.07 – $4.09
🔓 Targets:
1️⃣ $4.15 (Immediate resistance – local high)
2️⃣ $4.28 (Fibonacci extension level)
3️⃣ $4.45 (Major breakout zone if volume surges)
🛡️ Stop-Loss: $3.98 (below 200 EMA and psychological support)
⏱️ Trade Duration: 6–24 hours depending on breakout strength
🧠 Analyst’s Take:
$DOT is showing clear bullish structure across both intraday and 4H charts. The alignment of RSI, MACD, and price structure signals a trend continuation after consolidation. As long as it holds above the $4.00 psychological level, bulls may take control towards higher zones. ⚡
🧠 “In trading, patience is power and discipline is wealth.”
📌 DYOR | Not financial advice.
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