📍 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.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.