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DOT / TetherUS

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DOTUSDT trade ideas

Long signal for DOT/USDTThis technical analysis is based on the daily chart of DOT/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels. Price Channel Analysis: The previous bearish channel is broken out, and a bullish channel is formed. The suggested entry point is around 7.046 USDT. Entry and Exit Points: Entry: 7.046 USDT Take Profit: 8.807 USDT (25.01%) Stop Loss: 6.607 USDT (6.22%) R/R Ratio: 4.02 Conclusion: This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 4.02, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
Long
by QuantCT
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
by cryptodailyuk
Polkadot (DOT) Daily Chart AnalysisCurrent Situation: A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average. Bearish Indicators: Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the 200-day moving average. Seller Dominance: Sellers are currently dominating the market, suggesting a bearish retracement towards the $6.5 threshold is increasingly likely. Key Support and Resistance Levels: Resistance Level: $7.5 Support Level: $6.5 Market Context: Despite the bearish sentiment, Polkadot remains confined within a decisive range marked by the $7.5 resistance and $6.5 support. A breakout from this range will likely establish the direction for a sustained trend. Trade Strategy: For Bears: Watch for a break below the $6.5 support level for potential short opportunities, targeting lower levels. For Bulls: A break above the $7.5 resistance could signal bullish momentum, providing opportunities for long trades. Stay vigilant for a decisive breakout from this range to gauge the next sustained trend direction for Polkadot. #Crypto #Polkadot #DOT #MarketAnalysis #SupportAndResistance #BearishTrend #200DMA #TradingStrategy #Cryptocurrency #Blockchain
Long
by Richtv_official