$DOT
DOT has not maintained an upward trend over the past period, but instead has seen a slight decline (-1.18%). Its price reached a high of $4.1582, but closed at only $3.9606, showing heavy selling pressure. With market sentiment influenced by Bitcoin volatility, especially during significant fluctuations in BTC prices, DOT's performance has also been limited.
Buying and Selling Strategy
Buying Strategy:
Support Level Observation: The lowest price for DOT is $3.9593. If the price approaches this level, consider buying moderately, expecting a rebound.
Incremental Position Building: Considering market uncertainty, an incremental entry strategy can be adopted to reduce the risks associated with a one-time purchase.
Selling Strategy:
Resistance Level Monitoring: If the DOT price rebounds to around $4.1, consider taking partial profits to avoid risks caused by market fluctuations.
Setting Stop-Loss: Due to large market volatility, it is recommended to set a stop-loss level each time a purchase is made, to protect capital and avoid expanding losses.
Risk Warning
It is worth noting that due to the current market conditions being extremely volatile, investors should implement risk control while trading. Especially in situations of severe BTC price fluctuations, the cryptocurrency market may experience rapid surges or pullbacks, and investors should remain vigilant and adjust strategies accordingly.
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