๐ $DOT at 4.107 โ Holding Support, Is a Rebound Coming?
$DOT is currently trading at 4.107, showing signs of stabilization after a sharp pullback. Price is hovering above key structural support, and while momentum remains weak, bulls might be preparing for a short-term bounce.
๐ Technical Breakdown
Current Price: 4.107
Support Level: 3.95
Immediate Resistance: 4.28 โ 4.34
Trend: Downtrend on higher timeframes, sideways on lower timeframes
๐ Indicators Check
RSI: Near oversold (39) โ early signs of strength returning
MACD: Bearish, but histogram bars shrinking โ could flip
Volume: Weak, needs confirmation surge on breakout
๐ Signal Strategy
If DOT holds above 4.00 and breaks through 4.34 with strong volume, a recovery toward the mid-range of the previous consolidation is possible.
๐ฏ Trade Plan
Entry Zone: Break above 4.34 (confirmation candle)
Target 1: 4.59
Target 2: 4.86
Stop-loss: Below 3.94 (close below this invalidates setup)
๐ Alternative Approach
Sideways scalpers can consider entries near 4.00 with strict risk control, targeting short bounces
โ ๏ธ Risk Alert
Losing the 3.95 support level may lead to a drop toward 3.70, where the next buying interest might emerge.
Summary:
DOT is in a recovery zone, but confirmation is key. Eyes on 4.34 for a breakout, and 3.95 as a make-or-break support. Stay focused โ execution matters more than prediction
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