$DOT /USDT GAINS STEAM, BUT STRUGGLES AT RESISTANCE ā BULLS NEED CONFIRMATION ā”š
$DOT /USDT climbed steadily from $3.786 to a local high of $3.918, posting a +2.88% gain. However, price action is currently stalling around $3.889, indicating a possible short-term pullback or range formation.
š Technical Breakdown:
24h High: 3.918
Current Price: 3.889
Support Zones: 3.867 and 3.837
Resistance: 3.918 ā 3.925
Trend: Short-term bullish, but losing momentum near top
š Key Observations:
Multiple rejections near 3.918 suggest strong selling pressure.
Price remains above key moving supports, but weakening volume may slow momentum.
A breakout above 3.918 could trigger another leg up.
šÆ Trade Strategy:
LONG Entry: 3.895
TP1: 3.925
TP2: 3.965
SL: 3.860
SHORT Entry: Below 3.867
TP1: 3.837
TP2: 3.800
SL: 3.900
š Conclusion:
$DOT /USDT remains in a positive structure, but momentum is fading under resistance. If buyers can't reclaim control above 3.918, expect a pullback or sideways chop. Eyes on volume for confirmation!
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