$DOT just triggered a significant short squeeze at $1.151, indicating renewed bullish momentum in the near term. Immediate support is at $1.140, while resistance sits near $1.165.
For VIP traders, tactical long entries near support could offer favorable risk-to-reward setups with tight stop-losses below $1.138. A decisive break above $1.165 may open the path to a next target around $1.175–$1.180, as buying pressure accelerates.
Market volume indicates absorption of shorts and potential continuation of upward momentum. Short-term volatility is elevated, so careful position sizing and risk management are crucial.
For VIP traders, tactical long entries near support could offer favorable risk-to-reward setups with tight stop-losses below $1.138. A decisive break above $1.165 may open the path to a next target around $1.175–$1.180, as buying pressure accelerates.
Market volume indicates absorption of shorts and potential continuation of upward momentum. Short-term volatility is elevated, so careful position sizing and risk management are crucial.