🚨 $DOT /USDT – Sharp Pullback, But Bulls Attempting a Reclaim! 🚨

DOT is trading at $3.771, down -4.99% after rejecting from the recent high of $3.982. However, the hourly chart shows early signs of stabilization as price bounces off the $3.689 support zone.

24H Snapshot:

High: $3.976

Low: $3.689

Volume: 4.81M DOT / $18.40M USDT

Technical Insight:

DOT dipped below all major moving averages but quickly found buyers around MA(99) support. A small bullish engulfing candle has formed, suggesting the selloff may be cooling. Watch for confirmation on reclaiming $3.82 for renewed momentum.

Trade Setup – Cautious Long Reversal Watch:

Entry Zone: $3.75 – $3.79

Target 1: $3.88

Target 2: $3.95

Final Target: $4.05

Stop Loss: $3.69

Why This Matters:

The bounce from a major low with oversold signals and confluence around MA(99) may present a reversal opportunity. Caution is advised due to recent volatility.

Pro Tip:

Wait for volume and candle confirmation above $3.82 before heavy entry. DOT reacts well to momentum-based swings.

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