DOT / TetherUS
Long

DOT Reloading for Takeoff ?

2 093
DOT has been following a textbook Wyckoff cycle — moving from markdown into accumulation, followed by a sharp markup, then another markdown, and once again settling into a fresh accumulation zone.

After retesting the major support at $4 and holding above it, DOT is showing early signs of bullish momentum. If this structure continues, we could be preparing for another markup phase with potential targets at the $6, $10, and even $11 resistance zones.

This setup mirrors the previous cycle — will history repeat itself?

📍 Key Levels:

Support: $4.00 & $3.00

Resistance: $6.00, $10.00, and $11.00

Let me know your thoughts in the comments 👇

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

Disclaimer

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.