DOTUSD is in a robust support zone, with previous strong buyer interest. The recent bearish pressure has brought the price into this tageted zone, creating a potential buying opportunity for me.
With the confirmation in place, I anticipate a move toward 7.100. However, a breach of this support could invalidate the bullish move and lead to further declines.
Traders should carefully assess price action at this level and ensure proper risk management before taking positions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.