How much will it pump more? Any idea .. Where to set TP limit?

Polkadot ($DOT ) recently experienced a short liquidation of approximately $3,180,200 at a price of $4.76. This indicates that traders who were betting on DOT's price to decrease had their positions forcefully closed when the price increased to this level.

As of March 26, 2025, DOT is trading at $4.75, reflecting a slight increase of 1.496% from the previous close.

Buy Zone: Considering the current market conditions, potential buying opportunities may exist if DOT retraces to the support zone between $4.50 and $4.60. This area has previously shown buying interest and could serve as a foundation for a potential upward movement.

Target Prices:

Target 1: $4.90

Target 2: $5.16

Stop-Loss: To manage potential downside risk, consider setting a stop-loss order below the recent support level, around $4.40.

Key Observations:

DOT has been showing bullish momentum, trading above the 60-day moving average of $4.422, indicating strong short-term support.

Breaking and sustaining above the $4.90 resistance level could signal further upward momentum toward $5.16, a critical resistance point.

Conversely, a decline below $4.50 may indicate potential for further downside movement.

Risk Management: Given the inherent volatility of the cryptocurrency market, it's essential to employ robust risk management strategies. Utilizing stop-loss orders and carefully considering position sizes can help mitigate potential losses.

Conclusion: DOT's recent price movements present both opportunities and risks. While there is potential for upward movement if key resistance levels are breached, it's crucial to remain vigilant and responsive to market dynamics. Always conduct thorough research and assess your risk tolerance before making any trading decisions.

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