$DOT is showing a moderately bullish reversal after forming a local bottom and clearing short-term EMAs with a reported 69% buy-order ratio. Price is rising while OI falls, indicating aggressive short-covering rather than expanding leverage. Broad market risk appetite and short-covering are the stated catalysts. The structure remains constructive, but follow-through could slow if market liquidity weakens or project-specific catalysts remain limited.
š Bias: Moderately Bullish | šÆ Entry: $1.38ā$1.41 | š” Support: $1.35 / $1.30 | š§ Resistance: $1.52 / $1.65 | šÆ Targets: $1.49 / $1.56 / $1.65 | ā Invalidation: Below $1.32
Strategy: Consider a confirmation or support-entry approach around the supplied entry zone while the reversal structure remains intact.
#DOT #Polkadot #CryptoTrading #Binance #Altcoins
š Bias: Moderately Bullish | šÆ Entry: $1.38ā$1.41 | š” Support: $1.35 / $1.30 | š§ Resistance: $1.52 / $1.65 | šÆ Targets: $1.49 / $1.56 / $1.65 | ā Invalidation: Below $1.32
Strategy: Consider a confirmation or support-entry approach around the supplied entry zone while the reversal structure remains intact.
#DOT #Polkadot #CryptoTrading #Binance #Altcoins