A significant long position in Polkadot $DOT was liquidated at $7.197, indicating a notable market movement.
Support and Resistance Levels:
Support:
$5.00: A strong support zone.
$4.00: A deeper support level. $DOT
Resistance:
$6.00: Immediate resistance.
$6.50: A higher resistance level.
Recommendation:
Given the current price near $7.30, which is above the identified resistance levels, the market may be experiencing a breakout.
Action:
Buy: If the price sustains above $6.50, it could indicate bullish momentum.
Sell: If the price falls below $6.00, it may suggest a bearish trend.
Note: Cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider your risk tolerance before making trading decisions.
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