$DOT /USDT Trading Analysis – Bullish Momentum in Play!
Polkadot ($DOT ) is currently showing strong bullish momentum, trading at $4.519, up 6.10% in the last 24 hours. The price recently tested a 24-hour high of $4.543 and is holding above key support levels, indicating potential for further upside.
Trade Signal – Long Opportunity
Entry: Buy near $4.50 – $4.52
Target 1: $4.60 (Short-term resistance)
Target 2: $4.75 (Potential breakout level)
Stop Loss: Below $4.42 (Recent support)
The market structure remains positive, with higher highs and higher lows forming on the 15-minute chart. If the price sustains above $4.50, we could see a continuation of the uptrend. However, a break below $4.42 would indicate weakness, making the stop-loss placement crucial.
Tip: Keep an eye on volume and momentum—strong buying pressure above $4.55 could accelerate gains towards $4.75+. Happy trading!
#BNBChainMeme #BinanceAlpha2.0 #BMTOnBinance #FedWatch #Write2Earn! $DOT