$DOT Consolidation at Support - Rebound or Further Decline?
DOT is currently trading at $6.879. The chart indicates that DOT has experienced a recent decline and is now consolidating around a key support level. Its immediate movement will determine if it can find a floor and attempt a rebound or if bearish momentum will push it to lower levels.
Key Levels to Watch:
Resistance: $6.885 (immediate resistance, just above current price) and $6.895 (stronger resistance from recent highs).
Support: $6.879 (current price, immediate support) and $6.870 (next support below).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $6.885 could target:
Target 1: $6.895
Target 2: $6.905 (approx.)
Bearish Entry: A break below $6.879 could target:
Target 1: $6.870 (approx.)
Target 2: $6.860 (approx.)
DOT is consolidating at a key support after a decline. A rebound is possible if support holds, but a breakdown below $6.879 could lead to further losses.