📍 Timeframe: 1D (Bybit Exchange)
📈 Current Price: $4.550 (+3.43%)
Key Technical Insights:
Descending Channel Breakout:
DOT had been trading in a descending channel since late 2024.
A successful breakout from the channel indicates a trend reversal.
Strong Support Retest & Bounce:
The price found support at the $4.00 region (marked in yellow).
Multiple tests of this level suggest strong demand and potential accumulation.
Major Resistance & Upside Target:
The next key resistance zone is around $10.00 (marked as "Target").
If momentum continues, a move towards $12.00–$14.00 is possible.
Possible Price Path:
The projected price movement (black line) suggests a retest of support before a rally.
If price holds above $4.20–$4.30, further bullish continuation is expected.
Trading Strategy:
Bullish Entry: Consider long positions on a retest of $4.20–$4.30 with a stop below $4.00.
Breakout Confirmation: A daily close above $5.00 strengthens the case for an upward push.
Profit Targets: $7.00, then $10.00, and extended targets at $12.00–$14.00.
📈 Current Price: $4.550 (+3.43%)
Key Technical Insights:
Descending Channel Breakout:
DOT had been trading in a descending channel since late 2024.
A successful breakout from the channel indicates a trend reversal.
Strong Support Retest & Bounce:
The price found support at the $4.00 region (marked in yellow).
Multiple tests of this level suggest strong demand and potential accumulation.
Major Resistance & Upside Target:
The next key resistance zone is around $10.00 (marked as "Target").
If momentum continues, a move towards $12.00–$14.00 is possible.
Possible Price Path:
The projected price movement (black line) suggests a retest of support before a rally.
If price holds above $4.20–$4.30, further bullish continuation is expected.
Trading Strategy:
Bullish Entry: Consider long positions on a retest of $4.20–$4.30 with a stop below $4.00.
Breakout Confirmation: A daily close above $5.00 strengthens the case for an upward push.
Profit Targets: $7.00, then $10.00, and extended targets at $12.00–$14.00.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.