đ¨ DOT/USDT Analysis: Key Levels to Watch & Strategy! đ¨
Polkadot (DOT) is trading at $4.23, down 2.38% in the last 24 hours, signaling a bearish trend as it hovers near the 24h low of $4.22. The price is below the 60-period moving average (MA60) of $4.24, indicating sellers are in control. Watch the key support level at $4.22âif it breaks, we could see further downside. On the upside, the resistance at $4.38 (24h high) is a critical level to break for any potential recovery.
đ Entry Strategy: Conservative traders may consider entering near $4.22 support, placing a stop-loss just below to limit risk. If the price bounces, it could target the $4.38 resistance for a short-term gain. However, be cautious if the price continues below support, as it may signal further bearish momentum.
Stay alert and trade wisely! đ
