DOT/USDT Technical Analysis: Ideal Zone for Potential GAIN

12 ส.ค. 2023

DOT/USDT Technical Analysis: Potential Accumulation Zone for Long-Term Gains

Current Price: $5

Chart Analysis:
DOT is currently trading well below its all-time high, presenting a potential opportunity for investors. A notable observation is the historical pattern of a 10x pump after a breakout from the last accumulation zone in 2020.

Present Situation:
The price has once again approached a similar accumulation zone, indicating the possibility of further downward movement. However, this could serve as an advantageous entry point for the next bullish phase.

Long-Term Strategy:
Consider accumulating DOT between the price range of $5 to $3. This range could provide a strong foundation for significant gains in the upcoming bull run.

Projected Targets:
While aiming for a new all-time high might be ambitious due to potential bag holders from the previous cycle, several target price levels could be lucrative: $10, $16, $23, and $31.

Cautious Approach:
It's essential to exercise caution and conduct thorough research before making any investment decisions. This analysis is a personal perspective and not financial advice.


Thank you for reading.