Polkadot (DOT) has signaled a bullish reversal, indicating strong buying pressure. With critical resistance levels being tested, this breakout presents an excellent opportunity for entry.
Long Position Setup:
Entry Zone: $4.75 - $4.78
Target Prices:
T1: $4.90
T2: $5.05
T3: $5.20
T4: $5.35
Stop Loss: $4.65
Market Insights & Tips:
Breakout Watch: A sustained move above $4.80 could suggest further upward momentum.
Support Zone: Holding above $4.70 is crucial to keep the bullish trend intact.
RSI & Volume: Rising volume and an RSI over 60 would validate the breakout.
Backup Plan: If DOT pulls back, consider re-entering at $4.70 if there’s strong buying interest. Avoid rushing into trades; wait for clear confirmation signals.