$DOT USDT – Strong rise, now retesting the support area
Rejected from $4.624
Retracement to EMA(25) area
$DOT rose from $4.065 to $4.624 before facing rejection. The price is now consolidating around $4.42, below EMA(7) and above EMA(25), showing potential for another bounce if buyers defend.
Long trade setup:
Entry: $4.42 – $4.44
Target 1: $4.60
Target 2: $4.72
Stop loss: $4.32
If the bulls regain EMA(7), a breakout towards recent highs is likely. Watch for bullish candles at this level for confirmation.
