We are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone.
The daily demand zone should hold; otherwise, the bullish count would be invalidated, and we could see lower prices. The target is not specified yet as we are waiting for the market to show us potential levels.
From the chart, we can see the following key points:
- The daily demand zone around $7.17-6.88 is crucial for maintaining the bullish structure.
- The next significant resistance lies in the daily supply zone between $8.58 and $9.11.
Let's see how this plays out as the market evolves. ✅
The daily demand zone should hold; otherwise, the bullish count would be invalidated, and we could see lower prices. The target is not specified yet as we are waiting for the market to show us potential levels.
From the chart, we can see the following key points:
- The daily demand zone around $7.17-6.88 is crucial for maintaining the bullish structure.
- The next significant resistance lies in the daily supply zone between $8.58 and $9.11.
Let's see how this plays out as the market evolves. ✅
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