$DOT Strong Setup for Potential Growth 
2025-01-05
Category: None

Current Dynamics:  CRYPTOCAP:DOT  has reclaimed a critical #1W S/R level and is trading above the 1W 100EMA, signaling strong bullish momentum.

The $6.5–$7 consolidation zone looks healthy and could act as a solid base for the next upward move.

 Key Levels to Watch 

1️⃣ Resistance:

 
 $10.35: A significant barrier, tested three times since 2022 but not yet broken.
 A weekly close above $10.35 would pave the way for higher targets, potentially leading to $12–$15.
 

2️⃣ Support:

 
 $6.5–$7: Holding this level strengthens the bullish case.
 Loss of this support could result in a pullback to lower levels.
 

 Entry Strategies: 

 
 Long near $6.5–$7: If support holds, this zone offers an excellent entry for accumulating positions.
 Breakout Play: Enter after a weekly close above $10.35 to confirm the breakout.
 

 Invalidation: 

A weekly close below $6.50 would negate the bullish setup, signaling potential further downside.

 Take-Profit Targets: 

TP1: $9.50 (immediate resistance).
TP2: $10.35 (critical breakout level).
TP3: $16.00 (target post-breakout).
TP4: $49.00 (long-term target).