{spot}(DOTUSDT) As always, I’ve kept the chart simple and straightforward, so there’s no need for lengthy explanations:
- Bubbles: Red represents resistance, and green indicates support. - Trends: Clearly marked with blue lines. - Historical Resistance: Illustrated with violin lines.
Key Notes:
- As I’ve explained before, resistances often flip into supports over time, so in this graphic, i turned red older bubbles to green bubbles. simple as that..
- Like many altcoins, Polkadot (DOT) has broken out and is now showing bullish momentum.
Important Considerations:
- Keep in mind that most altcoins are heavily influenced by BTC, BTC Dominance (BTC.D), and USDT Dominance (USDT.D). To trade effectively, you need to monitor these factors simultaneously.
------------------------------------------------------------------ DOT Support and Resistance Levels: ------------------------------------------------------------------
Support 1: $9.50 (current level) Support 2: $7.50 Support 3: $5.80
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