🚨 $DOT /USDT: Growth Potential – Bulls Targeting $4.50 and Beyond.
🔥 DOT(Polkadot) is priced at $4.156, stabilizing after a correction and showing growth potential.
📈 Trading Setup 👇
📉 Short Position: If the price drops below $4.00, target levels are $3.90 and $3.80.
📈 Long Position: If the price exceeds $4.50, target levels are $4.60 and $4.70.
🛑 Stop-loss (SL): It is recommended to place SL at $4.00 for long positions and $4.45 for shorts.
📊 Key Levels to Watch:
🔺 Resistance: $4.50 – Breaking this level may lead to growth to $4.60 – $4.70.
🔻 Support: $4.00 – Holding above this level is critical for trend stability.
📉 Market Setup – Bulls or Bears?
✅ MACD: Positive formation indicates possible further growth.
🟡 RSI: 58 – Balance of supply and demand, with no signs of overheating.
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Final Opinion:
If DOT holds support at $4.00 and breaks resistance at $4.50, it could lead to growth to $4.60–$4.70. However, a drop below $4.00 opens opportunities for short positions at $3.90–$3.80. The overall balance of supply and demand indicates cautious optimism.