The $DOT /USDT pair is currently in a strong uptrend, with the price surging over 2.12% in the past 24 hours. The chart is displaying a clear bullish momentum, with higher highs and higher lows. The current price is trading above all key moving averages, indicating strong bullish momentum.

Key Support and Resistance Levels

Strong Support: $4.397 (recent swing low)

Immediate Support: $5.116 (24-hour low)

Immediate Resistance: $5.839 (24-hour high)

Strong Resistance: $5.940 (psychological level)

Entry Signal

A potential entry signal could be a pullback to the $5.116 support level. If the price finds support at this level and bounces back, it could be a good opportunity to enter a long position with a stop-loss below the recent swing low.

Trading Strategy

Long Position: Buy DOT/USDT near $5.116 with a stop-loss below $4.397 and a take-profit target of $5.940.

Disclaimer

This analysis is for informational purposes only and should not be considered financial advice. It's essential to conduct your own research or consult with a financial advisor before making any investment decisions.#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Devcon2024 #Write2Earn!