Current Dynamics: 
DOT has reclaimed a critical #1W S/R level and is trading above the 1W 100EMA, signaling strong bullish momentum.
The $6.5–$7 consolidation zone looks healthy and could act as a solid base for the next upward move.
Key Levels to Watch
1️⃣ Resistance:
2️⃣ Support:
Entry Strategies:
Invalidation:
A weekly close below $6.50 would negate the bullish setup, signaling potential further downside.
Take-Profit Targets:
TP1: $9.50 (immediate resistance).
TP2: $10.35 (critical breakout level).
TP3: $16.00 (target post-breakout).
TP4: $49.00 (long-term target).
DOT has reclaimed a critical #1W S/R level and is trading above the 1W 100EMA, signaling strong bullish momentum.The $6.5–$7 consolidation zone looks healthy and could act as a solid base for the next upward move.
Key Levels to Watch
1️⃣ Resistance:
- $10.35: A significant barrier, tested three times since 2022 but not yet broken.
- A weekly close above $10.35 would pave the way for higher targets, potentially leading to $12–$15.
2️⃣ Support:
- $6.5–$7: Holding this level strengthens the bullish case.
- Loss of this support could result in a pullback to lower levels.
Entry Strategies:
- Long near $6.5–$7: If support holds, this zone offers an excellent entry for accumulating positions.
- Breakout Play: Enter after a weekly close above $10.35 to confirm the breakout.
Invalidation:
A weekly close below $6.50 would negate the bullish setup, signaling potential further downside.
Take-Profit Targets:
TP1: $9.50 (immediate resistance).
TP2: $10.35 (critical breakout level).
TP3: $16.00 (target post-breakout).
TP4: $49.00 (long-term target).
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.