$DOT - Range-Bound Consolidation

Price Action Update:
Current Price: $7.02

The $DOT pair is trading within a well-defined range, with support at $6.80 and resistance at $7.60. The current price is approaching the mid-level of this range, indicating potential for short-term movement.

Key Levels:

Entry Zone for Long Position: $6.95 - $7.05
Next Target (TP): $7.40 - $7.60
Stop Loss: $6.80

Observation:
A breakout above the $7.60 resistance would signal bullish continuation, while failure to hold above $6.80 may lead to further downside. Patience is key to confirm direction within this range.

Trading Tip:

Focus on range trading strategies until a decisive breakout occurs. Partial profit-taking near $7.40 and trailing stop-losses can optimize gains in this range.

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