$DOT – Sharp Reversal Play in Progress!
DOT just bounced off a key support zone and is showing signs of a short-term bullish reversal after a heavy drop. Buyers are stepping in around the $3.90 zone, attempting to reclaim momentum. Risk is tightly managed, and the setup offers a clean opportunity!
Trade Setup:
Entry: $3.926
Target: $3.989
Stop Loss: $3.894
Risk-Reward Ratio: 2:1
Why This Setup?
After a strong downtrend, DOT formed a base with higher lows and now breaks above short-term resistance. Volume is steady, signaling a potential move toward $3.98+. Clean invalidation below $3.89.
Pro Tip:
Watch for candle close above $3.94 for added confirmation. Consider trailing your stop once price moves past $3.96.
Buy & Trade DOT Now on Binance!