$DOT USDT – Support at $3.28 is holding strong... The reversal candle is forming near the bottom area..
After a deep decline, $DOT is trying to recover from the support level at $3.28. The bullish engulfing candle on the 30-minute chart indicates a potential reversal.
The price is currently trading at $3.366, attempting to regain the previous breakdown area.
If the momentum continues, we may see a push towards resistance levels at $3.47 and $3.56. Failing to hold above $3.32 may invalidate the setup.
Trading Setup:
• Entry Point: $3.34 – $3.37
• Stop Loss: $3.28
• Take Profit:
• TP1: $3.47
• TP2: $3.56
Market Outlook:
A short-term bullish reversal is expected if it holds at $3.32.
The rebound targets the mid-resistance levels with a strong R:R setup.
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