$DOT is currently priced at $4.212 on the spot market, meaning this is the live rate for buying or selling the token instantly. Spot trading involves the direct exchange of $DOT for USD, USDT, or other cryptocurrencies without using leverage, making it simpler and generally less risky than margin trading.
Traders often monitor key price levels to inform their strategies. Resistance—where selling pressure might increase—is expected around the $4.50–$4.60 range. Support—where buying interest may appear—is likely near $4.00–$4.05. Spot traders use these levels to plan entry and exit points. If $DOT stays above support, it could rebound upward; if it breaks through resistance, it may continue climbing.
Effective risk management is essential: setting stop-loss orders just below support can help cap losses. Depending on the market's volatility, traders typically aim for price moves between 3% and 8% within these ranges.