DOT/USDT Weekly Analysis
🔹 Key Resistance & Spot Trigger:
The chart indicates a major resistance level around $10.465, where the price previously faced rejection. This zone acted as a spot trigger, leading to a sharp decline in price.
🔹 Price Action & Trend:
After the rejection at the resistance, the price dropped significantly, aligning with the downward movement of the orange moving average. Currently, the market is testing a key support zone between $3.90 - $4.50.
🔹 Volume Analysis & Sales Pressure:
The increase in sales volume suggests that sellers are still in control. However, if the price finds strong support in the highlighted box, we may see a potential reversal or accumulation phase.
🔹 Future Outlook:
📉 If the support fails, further downside towards lower historical levels is possible.
📈 If buyers step in, a recovery towards the $6 - $7 resistance zone could be expected.
💡 Trading Plan: Watch for bullish signals within the support area before entering a position. Confirmation via volume and candlestick patterns will be crucial.
The chart indicates a major resistance level around $10.465, where the price previously faced rejection. This zone acted as a spot trigger, leading to a sharp decline in price.
🔹 Price Action & Trend:
After the rejection at the resistance, the price dropped significantly, aligning with the downward movement of the orange moving average. Currently, the market is testing a key support zone between $3.90 - $4.50.
🔹 Volume Analysis & Sales Pressure:
The increase in sales volume suggests that sellers are still in control. However, if the price finds strong support in the highlighted box, we may see a potential reversal or accumulation phase.
🔹 Future Outlook:
📉 If the support fails, further downside towards lower historical levels is possible.
📈 If buyers step in, a recovery towards the $6 - $7 resistance zone could be expected.
💡 Trading Plan: Watch for bullish signals within the support area before entering a position. Confirmation via volume and candlestick patterns will be crucial.
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"🤖 Smart Trading Bots | 🚀 Advanced Market Analysis & Strategies | Helping You Trade Smarter, Not Harder!"
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.