The $DOT chart shows a significant downward trend after reaching a high of $4.626. The price has since corrected and is now showing signs of potential support around the current levels, indicating that the selling pressure might be exhausting.
🌟 Trade Setup 🌟
👉 Signal: Look for a Buy signal on a bounce from the current support.
🔸Entry Price: Look to enter around $4.200 to $4.230.
🔸Stop-Loss (SL): Place your stop-loss just below the previous low at $4.150 to protect your capital.
🔸Take-Profit (TP)
TP1: $4.350 TP2: $4.450 TP3: $4.550
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🌟 Analysis 🌟
👉The price is now trading near a key support level, and the candles are smaller, which suggests the momentum has slowed down. This could be a good opportunity for a short-term rebound.