$DOT is bouncing back strongly after testing the $1.00 support zone, but can the bulls sustain this recovery?
On the 4H chart, #dot is trading around $1.20 after a sharp rebound from support. Price is now approaching the $1.22–$1.25 resistance zone, where sellers could step in again.
I’m watching for a possible rejection from this area, with a pullback toward $1.10 as the next move to monitor. If the price loses that level, the $1.00–$1.04 support zone becomes important again.
On the 4H chart, #dot is trading around $1.20 after a sharp rebound from support. Price is now approaching the $1.22–$1.25 resistance zone, where sellers could step in again.
I’m watching for a possible rejection from this area, with a pullback toward $1.10 as the next move to monitor. If the price loses that level, the $1.00–$1.04 support zone becomes important again.