🔥 $DOT – The beginning of the explosion after a long recovery! 🚀
DOT is trading at $3.89 (+3.07%) and shows signs of ending the consolidation and downtrend on the weekly frame, approaching a break of the critical range of $3.5 – $4.0.
📊 Technical Note: The MACD indicator supports the upward momentum, and a breakout above $4.0 could trigger a rapid rise towards $5 then $7. A weekly close below $3.30 cancels the scenario.
📌 Medium-term trade setup:
• Entry Zone: $3.80 – $3.95
• Targets:
$5.00
$7.00
$16.00
• Stop Loss: Weekly close below $3.30
Follow us on channel #CryptoEmad for more exclusive analyses!