$DOT is currently trading at $4.212 on the spot market, meaning this is the real-time price for buying or selling the token immediately. Spot trading involves directly exchanging $DOT for USD, USDT, or another cryptocurrency without leverage, making it straightforward and less risky than margin trading.
Traders look for key levels to guide their decisions. Resistance is a price point where selling pressure may emerge, potentially around $4.50–$4.60, while support is where buying demand may step in, likely near $4.00–$4.05.
Spot traders often watch these levels to time entries and exits. If $DOT holds support, it may bounce higher; breaking resistance could signal further upside.
Risk management is crucial: set stop-loss orders slightly below support to limit potential losses. In percentage terms, traders often aim for 3–8% swings between support and resistance, depending on volatility.