$DOT Update: Bulls Fighting to Hold Critical Support?
($DOT) is currently testing a major support zone at 1.218 after a significant pullback on the 1-hour chart. The SuperTrend (10,3) is currently bearish with resistance sitting at 1.276, while the RSI(6) at 41.81 shows a slight recovery attempt as the price stabilizes near the local lows.
🎯 Trade Setup
EP (Entry): 1.235 – 1.250
TP (Targets)
TP1: 1.286
TP2: 1.320
TP3: 1.380
SL (Stop Loss): 1.190
The price has recently touched the 1.218 liquidity zone, which is acting as a strong demand area for now. For a confirmed bullish reversal, ($DOT) needs to break and close above the 1.276 SuperTrend resistance to shift momentum back in favor of the buyers.
Do you think ($DOT) will bounce from this 1.21 support, or are we heading for a deeper correction?
Watching this level closely.
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