DOT/USDT Analysis – 1D Chart (OKX)
Support Levels:
First support: 4.239 USDT
Next support: 3.652 USDT (Key Demand Zone)
Resistance Levels:
First resistance: 6.008 USDT
Next resistance: 7.652 USDT (Supply Zone)
Major resistance: 9.476 – 11.654 USDT
Entry Points:
Potential buy zone around 3.652 USDT, which aligns with demand support.
A breakout above 6.008 USDT could signal bullish momentum toward 7.652 USDT.
If DOT drops below 3.652 USDT, further downside movement is possible.
Risk Assessment:
If the price fails to hold 3.652 USDT, it may enter a deeper downtrend.
Stop-loss should be placed below 3.652 USDT to limit risk.
Trade Conditions:
DOT is currently in a bearish trend, but a potential bullish reversal is forming.
If it breaks the descending wedge pattern, we may see a move towards 6.008 USDT.
A breakout above 7.652 USDT could confirm a stronger bullish trend.
📌 Summary:
DOT is trading near a key support zone. If it holds above 4.239 – 3.652 USDT, a bullish reversal is possible. A move above 6.008 USDT could confirm further upside. However, if it falls below 3.652 USDT, it may continue the bearish trend. 🚀
Support Levels:
First support: 4.239 USDT
Next support: 3.652 USDT (Key Demand Zone)
Resistance Levels:
First resistance: 6.008 USDT
Next resistance: 7.652 USDT (Supply Zone)
Major resistance: 9.476 – 11.654 USDT
Entry Points:
Potential buy zone around 3.652 USDT, which aligns with demand support.
A breakout above 6.008 USDT could signal bullish momentum toward 7.652 USDT.
If DOT drops below 3.652 USDT, further downside movement is possible.
Risk Assessment:
If the price fails to hold 3.652 USDT, it may enter a deeper downtrend.
Stop-loss should be placed below 3.652 USDT to limit risk.
Trade Conditions:
DOT is currently in a bearish trend, but a potential bullish reversal is forming.
If it breaks the descending wedge pattern, we may see a move towards 6.008 USDT.
A breakout above 7.652 USDT could confirm a stronger bullish trend.
📌 Summary:
DOT is trading near a key support zone. If it holds above 4.239 – 3.652 USDT, a bullish reversal is possible. A move above 6.008 USDT could confirm further upside. However, if it falls below 3.652 USDT, it may continue the bearish trend. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.