🚀 DOT/USDT — rebound from support or continuation of the decline?
Brief:
On the 1H chart, the price of DOT/USDT is holding at key support of 1.945. The current quote is 1.964, and the market is trying to form a rebound. Indicators indicate oversold conditions, which opens up the potential for corrective growth.
📊 Key indicators:
EMA (21 / 50): The price is trading above short-term EMAs — a possible attempt at a local recovery.
RSI (14): 34.96 — oversold zone, a signal in favor of a rebound.
MACD: below the zero line — the global bearish background remains.
Stochastic: in the oversold zone, a possible upward reversal.
🧭 Trading plan
Main scenario: LONG from support.
🎯 Targets:
TP1: 1.977 (+0.66%)
TP2: 2.016 (+2.65%)
TP3: 2.056 (+4.67%)
📍 Entry points:
Conservatively: rebound from 1.945 or consolidation above 1.977.
Aggressively: entry from 1.964 upon confirmation from RSI and Stochastic.
🛑 Stop-loss:
1.937 — below support, protection against deepening correction.
📌 Conclusion
DOT is in a zone of increased buyer interest. Despite the bearish background, oversold conditions create opportunities for a corrective long. We work strictly on confirmation and with risk control.
Spot trading 👉$DOT
Futures 👇
