š $DOT
DOT
1.841
-2.17%
/USDT ā READY FOR A BOUNCE
$DOT has pulled back to the bottom of its descending channel on 1H, right into the 1.86 support zone ā an area where buyers have defended price multiple times before. So far, this level is holding strong š
RSI is stretched to the downside, hinting that sell pressure is fading, and price is sitting near the 100 MA, adding confluence for a potential bounce.
š Trade Plan (Long Bias)
š¹ Entry: ~1.91
š Invalidation: Clean break below 1.86
šÆ Targets: 1.94 ā 1.99 ā 2.06
Nothing complicated ā just price at support + momentum cooling off. If buyers step in again, $DOT can rotate back toward the top of the range. If not, we step aside. Discipline first ā”