$DOT Price Watch – Hidden Bullish Divergence Hints at Reversal
While many traders focus on horizontal support levels, DOT is quietly printing a bullish divergence on the 4H chart, signaling potential upside. The RSI has formed higher lows despite price hovering near the $3.30–$3.35 demand zone—a classic reversal setup.
Key Observations:
🔹 Demand Zone Respected Again: The $3.30 area has held as support 3 times in July, reinforcing its significance.
🔹 Volume Clues: Recent green candles show stronger buying volume than the preceding drops—smart money may be accumulating.
🔹 MACD Turning Up:The daily MACD is nearing a bullish crossover, which could fuel momentum if confirmed.
Strategic Trade Plan:
🔹 Optimal Entry: $3.33–$3.38 (confluence of trendline + support)
🎯 Take-Profit Zones:
🔹 TP1: $3.50 (liquidity pool above July highs)
🔹 TP2: $3.65–$3.70 (previous swing high + weekly resistance)
⚠️ Stop Loss: $3.25 (breach invalidates the divergence setup)
Critical Catalyst:A daily close above $3.45 could trigger a short squeeze, accelerating gains.
DYOR No Financial advice !
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